News and Views
Recent Price Movement and Volatility
Tuticorin Alkali’s share price has been under pressure, hitting a new 52-week low of ₹54.85 on 02-Dec. The stock experienced a wide intraday trading range of ₹6.46, fluctuating between a high of ₹61.31 and the low mentioned. Despite touching an intraday high that represented a 4.79% gain, the stock ultimately succumbed to selling pressure, closing near its low point. This volatility, quantified by an intraday price movement of 5.56%, underscores the unsettled sentiment among investors.
The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session. This pattern often signals bearish momentum as investors look to exit positions amid uncertainty.
