Intraday Volatility and Price Movement
The stock demonstrated remarkable intraday volatility on 30-Jan, with a price range spanning ₹3.86 and an intraday volatility measure of 9.22%. It reached an intraday high of ₹22.87, marking a 19.99% surge from its previous close. Despite this wide trading band, the weighted average price indicated that a larger volume of shares exchanged hands closer to the lower end of the range, suggesting some profit-taking or cautious trading amid the sharp price swings.
Trend Reversal After Consecutive Declines
Prior to this rebound, Sri KPR Industries had experienced four consecutive sessions of decline, culminating in a fresh 52-week low of ₹19.01 on the same day. The sharp recovery on 30-Jan signals a potential tre...
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