Intraday Price Movements Reflect Volatility
Rap Corp began the trading day on a positive note, opening with a gain of 2.74% and reaching an intraday high of ₹46.98, which represented a 2.91% increase from the previous close. However, this initial optimism was short-lived as the stock ultimately declined to its day’s low of ₹43.37, marking a 4.99% drop by the market close. The weighted average price indicates that a greater volume of shares traded closer to the lower end of the day’s price range, signalling selling pressure as the session progressed.
Investor Participation and Liquidity Concerns
A notable factor contributing to the stock’s decline is the sharp fall in investor participation. Delivery volume on 10 Dec stood at 3.93 thousand shares...
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