Recent Price Movement and Volatility
On the day in question, the stock opened with a gap up, registering an initial gain of 2.36%, and even touched an intraday high of ₹145.50, mirroring this early optimism. However, the positive sentiment was short-lived as the stock reversed sharply, hitting an intraday low of ₹135.05, nearly 5% below the previous close. The weighted average price indicates that a larger volume of shares traded closer to the day's low, signalling selling pressure towards the end of the session. This intraday volatility was notably high at 6.12%, underscoring the stock’s unsettled trading environment.
Technical Indicators and Moving Averages
From a technical standpoint, Power & Instrumentation is trading below all key movin...
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