Intraday Price Movement and Market Outperformance
The stock demonstrated strong momentum throughout the trading day, opening with a gap up of 4.97% and reaching an intraday high of Rs 181.55, which represents a 4.97% increase from the previous close. Despite touching a low of Rs 166 during the session, the stock managed to close near its peak, signalling robust buying interest. Notably, Wires & Fabriks outperformed its sector by 5.96% on the day, underscoring its relative strength amid broader market conditions.
However, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting some selling pressure or cautious profit-taking at higher levels. This dynamic points to a nuanced trading session where buyers and selle...
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