Intraday Volatility and Market Underperformance
On the day in question, the stock demonstrated significant volatility, trading within a wide range of ₹33.45. It opened with a positive gap of 2.04% and even touched a new 52-week high of ₹210, marking a 5.55% intraday gain. However, the momentum could not be sustained, and the stock plummeted to an intraday low of ₹176.55, representing an 11.26% drop from the high. The weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the day’s range, signalling selling pressure. This volatility was further underscored by an intraday volatility measure of 8.65%, highlighting the unsettled trading environment.
Sector-wise, the educational institutions segment declined by 4.51%, and ...
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