Short-Term Price Movement and Market Reaction
The stock opened with a gap down of 2.07%, signalling immediate selling pressure at the start of the trading session. Throughout the day, the price continued to weaken, touching an intraday low of ₹160.95, representing a 6.12% decline from the previous close. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session and buyers were less aggressive in defending prices.
Despite this downward movement, investor participation has shown a slight increase, with delivery volume on 04 Dec rising by 1.2% compared to the five-day average. This indicates that while the stock is under pressure, there remains active interest from investors, possibly ...
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