Intraday Price Movement and Trading Dynamics
Wires & Fabriks opened the day with a gap down of nearly 5%, hitting an intraday low of Rs 163.9, signalling initial selling pressure. However, the stock rebounded strongly to touch its high of Rs 180, marking a 4.35% gain by the close of trading at 08:19 PM. This recovery allowed the stock to outperform its sector by 4.93% on the day, indicating relative strength against peers despite the early weakness.
Interestingly, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, implying that while the stock price recovered, much of the trading activity was concentrated at lower levels. This could indicate cautious investor sentiment, with buyers stepping in selectively to support t...
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