Intraday Volatility and Trading Dynamics
Despite opening with a 2% gap up and touching an intraday high of ₹31.49, the stock succumbed to selling pressure, hitting a low of ₹28, marking an 8.26% drop from the peak within the same session. The wide trading range of ₹3.49 and an intraday volatility of 5.85% underscore the stock’s turbulent price action. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, signalling stronger bearish sentiment among investors. This reversal after two consecutive days of gains highlights a shift in market mood, with the stock underperforming its sector by 7.12% on the day.
Technical Positioning and Investor Activity
From a technical standpoint, VMS Ind...
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