Strong Outperformance and Technical Indicators Drive the Rally
RDB Infrastructure's performance on 05-Dec distinctly outpaced its sector peers, outperforming by 8.62%. The stock opened with a gap-up of 3.16%, signalling robust buying interest from the outset of trading. Throughout the day, the share price reached an intraday high of ₹51.50, representing a 10.11% increase from the previous close, before settling slightly lower but still maintaining a strong gain.
The stock traded within a wide range of ₹4.93, indicating heightened volatility and active trading. Despite this volatility, the weighted average price suggests that a larger volume of shares exchanged hands closer to the lower end of the day’s range, which may imply some profit-taking or cautious positioning b...
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