Intraday Price Movements and Trading Patterns
During the trading session on 21-Nov, Sheshadri Industries opened with a gap down of 2.2%, signalling immediate selling pressure from the outset. Although the stock managed to reach an intraday high of ₹20.75, representing a 3.75% gain from the previous close, it ultimately succumbed to downward momentum, touching a low of ₹19.00, which marked a 5.0% decline. The weighted average price for the day skewed closer to the low end, indicating that a larger volume of shares exchanged hands near the lower price point, reinforcing the bearish sentiment among traders.
Investor Participation and Liquidity Concerns
Investor engagement appears to be waning, as evidenced by a sharp drop in delivery volume. On 19 ...
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