Robust Intraday Performance and Volatility
Som Datt Finance Corporation Ltd demonstrated remarkable strength on 29-Dec, touching an intraday high of ₹138, representing a 20% surge from its low point during the session. This wide trading range of ₹24 highlights the stock's heightened volatility, with an intraday volatility of 9.52% calculated from the weighted average price. Despite this volatility, the stock managed to close significantly higher, signalling strong buying interest at various price levels throughout the day.
Interestingly, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the price range, suggesting some profit-taking or cautious trading near the highs. Nonetheless, the overall price movement was decisi...
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