Intraday Price Movement and Market Outperformance
Royale Manor opened the trading session with a significant gap up of 5.96%, signalling strong buying interest from the outset. The stock reached an intraday high of ₹42.5, marking a 5.99% increase from the previous close. This intraday strength allowed the stock to outperform its sector by 2.65%, indicating relative resilience amid broader market conditions. The weighted average price suggests that a larger volume of shares traded closer to the lower end of the day’s price range, which may imply cautious profit-taking or consolidation after the initial surge.
Technical Indicators and Investor Participation
From a technical standpoint, the stock is currently trading above its 5-day and 20-day movi...
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