Recent Price Movements and Volatility
The stock hit a new 52-week low of ₹20 during intraday trading, representing a steep intraday fall of 17.66%. This considerable volatility was underscored by a wide trading range of ₹4.74 and an intraday volatility measure of 10.59%, indicating heightened uncertainty among investors. Despite two consecutive days of gains prior to this decline, the stock reversed course sharply, signalling a loss of momentum.
Trading volumes also reveal interesting dynamics. The weighted average price suggests that a larger volume of shares exchanged hands closer to the day’s low price, implying selling pressure dominated the session. Furthermore, delivery volumes on 31 Dec surged by 167.11% compared to the five-day average, reflecting rising invest...
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