Recent Price Movement and Trading Activity
Precision Electronics opened the trading session with a notable gap up, surging by 4.98% to reach an intraday high of ₹198.25. However, this initial optimism was short-lived as the stock retreated sharply, touching an intraday low of ₹185, representing a 2.04% decline from the previous close. By the end of the day, the stock had fallen by ₹2.85, or 1.51%, signalling a reversal from the early gains.
The weighted average price for the day indicates that a greater volume of shares traded closer to the lower price levels, suggesting selling pressure dominated the session. This pattern often reflects cautious investor sentiment and potential profit-taking after recent gains.
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