Intraday Volatility and Price Movement
Remi Edelstahl Tubulars Ltd's shares opened the trading session with a gain of 3.36%, signalling early optimism among investors. The stock even reached an intraday high of Rs 144, representing an 8.68% increase from the previous close. However, this positive momentum was short-lived as the price sharply reversed, hitting an intraday low of Rs 123.95, marking a 6.45% decline by the end of the day. The wide trading range of Rs 20.05 during the session underscores the heightened volatility that characterised the stock's performance.
The weighted average price indicates that a larger volume of shares traded closer to the day's low, suggesting selling pressure dominated as the session progressed. This shift in trading dynamics contribu...
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