Recent Price Movement and Volatility
The stock hit a new 52-week low of Rs. 60 during the trading session, marking a fresh nadir for investors. Despite touching an intraday high of Rs. 68.25, representing a 6.91% gain at one point, the share price ultimately succumbed to selling pressure, closing near its intraday low of Rs. 60, down 6.02% from the previous close. This wide trading range of Rs. 8.25 and an intraday volatility of 6.42% underscore the heightened uncertainty and nervousness among market participants.
Adding to the bearish sentiment, the weighted average price indicates that a greater volume of shares traded closer to the lower end of the day’s range, suggesting that sellers dominated the session. This price action followed a trend reversal after two conse...
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