News and ViewsRecent Price Movement and Volatility
Despite opening the day with a positive gap of 4.43%, the stock failed to sustain gains and experienced significant intraday swings. It reached a high of ₹149.85, reflecting the initial optimism, but subsequently fell sharply to an intraday low of ₹135, marking a 5.92% decline from the previous close. The wide trading range of ₹14.85 and an intraday volatility of 9.06% underscore the erratic nature of the stock’s price action on this day.
Adding to the bearish tone, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session. This pattern often signals that investors are offloading positions, contributing to the downward price trajectory.
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