Intraday Volatility and Price Movements
The stock experienced a wide trading range of ₹3.55 during the day, hitting an intraday low of ₹18.25, which marked a fresh 52-week low, before rallying to an intraday high of ₹21.80, an 8.4% increase from the opening price. Despite opening with a significant gap down of 9.25%, the share price rebounded strongly by the close, indicating robust buying interest after initial selling pressure. This volatility, quantified by an intraday volatility of 7.39%, underscores the stock’s sensitivity to market sentiment and trading activity on this particular day.
Investor Participation and Volume Trends
One of the key drivers behind the price recovery appears to be the surge in investor participation. Delivery volume...
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