Intraday Volatility and Trading Dynamics
Despite opening with a positive gap of 2.01%, the stock experienced significant intraday fluctuations, reaching a high of ₹28.92 before plunging to a low of ₹25.76, marking a wide trading range of ₹3.16. The weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, signalling selling pressure. The stock’s intraday volatility was measured at 6.28%, underscoring the unsettled sentiment among investors. Furthermore, while the price remains above its 5-day, 20-day, and 50-day moving averages, it is still trading below the longer-term 100-day and 200-day averages, suggesting a mixed technical outlook.
Investor Participation and Liquidity
Investor interest has surg...
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