Intraday Volatility and Trading Dynamics
The stock experienced significant price fluctuations throughout the day, opening with a gap down of 7.31%, hitting an intraday low of ₹46.30, before recovering to touch a high of ₹52, representing a 4.1% gain from the previous close. This wide trading range of ₹5.7 and an intraday volatility of 5.8% underscore the stock’s erratic behaviour on 22-Dec. Despite the initial bearish sentiment at the open, buyers stepped in, pushing the price higher and enabling the stock to outperform its sector by 3.76% during the session.
Short-Term Momentum and Moving Averages
Veejay Lakshmi Engineering Works has been on a positive trajectory over the last two days, delivering a cumulative return of 5.64%. The current price...
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