Intraday Volatility and Price Movement
On the trading day in question, the stock exhibited significant volatility, with an intraday price range spanning ₹38.75. It opened with a substantial gap up, surging nearly 20% to an intraday high of ₹192.75, signalling initial optimism among investors. However, this enthusiasm was short-lived as the price retreated sharply, hitting a new 52-week low of ₹154 by the close. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated the latter part of the session.
Adding to the bearish sentiment, the stock underperformed its sector by approximately 4% on the day. Furthermore, it is trading below all key moving averages, including the 5-day, 20-day, 50-day...
Read full news article











