Intraday Volatility and Market Underperformance
RDB Rasayans began the trading session on a strong note, opening with a gain of 2.95% and reaching an intraday high of ₹177.90, mirroring early optimism among investors. However, the stock could not sustain this momentum and slipped to an intraday low of ₹164.35, representing a decline of 4.89% from its opening price. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s price range, signalling selling pressure as the session progressed.
Moreover, the stock underperformed its sector by 2.23% on the day, suggesting that broader sectoral factors or company-specific concerns may have weighed on investor confidence. This underperformance contrasts with the benchmark Se...
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