Ashok Leyland, Paytm fall up to 3% after six-day rally
In short
Ashok Leyland and Paytm dropped by as much as 3% in Friday’s intraday trade. Before that, both stocks had climbed up to 23% over six trading sessions.
The move shows the shares were volatile after a strong run-up.
What the reporting says
Ashok Leyland and Paytm fell by up to 3% in Friday’s intraday trade after rising by as much as 23% over the previous six trading sessions. The pullback came after a sharp short-term rally in both stocks. The brief points to continued volatility in the two counters.
Why it matters
The report says Ashok Leyland and Paytm were down up to 3% on Friday after rallying up to 23% in the prior six trading sessions. This matters for traders watching momentum stocks and short-term price swings.