Recent Price Movements and Volatility
Despite opening the day with a positive gap of 3.86%, Roopa Industries’ shares failed to sustain early gains. The stock reached an intraday high of ₹49.79, but subsequently plunged to a low of ₹42, marking a steep intraday fall of 12.39%. This wide trading range of ₹7.79 highlights significant price swings within the session, underscoring elevated volatility. The intraday volatility, calculated at 8.47% based on the weighted average price, signals increased uncertainty among traders and investors.
Moreover, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session. This pattern often reflects a bearish sentiment as investors offload shares a...
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