Recent Price Movements and Volatility
The stock hit a new 52-week low of ₹21.16 during intraday trading on 09-Dec, marking a sharp intraday fall of 12.16%. The wide trading range of ₹3.41 for the day and an intraday volatility of 7.43% underscore the heightened uncertainty and price swings experienced by investors. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, signalling selling pressure throughout the session.
Comparative Performance Against Benchmarks
Sovereign Diamonds has underperformed the Sensex and its sector over multiple time frames. Over the past week, the stock declined by 10.65%, while the Sensex dipped marginally by 0.55%. The one-month performance shows a sharp...
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