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Today will be an interesting day ahead for RWSL holders as the upside continuation happened yesterday as expected and further 4/5million shares above Rs8/- will make it more interesting/attractive for other traders as given the illiquid nature should land the share above Rs8.5 in no time(depends on the Volume).
As you can see on 17th August 2021 for RWSL to rise from Rs6.6 to Rs7.5 has to be traded 9.56mn shares but yesterday it raised from Rs7/- to Rs 7.80/- with only 3.2mn shares which will indicate the liquidity level of the share has declined gradually.
Mainly the market float has dried out as the massive collection happened since March 2021 nearly (traded more than 60 mn shares)as below table.
As you can see on 17th August 2021 for RWSL to rise from Rs6.6 to Rs7.5 has to be traded 9.56mn shares but yesterday it raised from Rs7/- to Rs 7.80/- with only 3.2mn shares which will indicate the liquidity level of the share has declined gradually.
Mainly the market float has dried out as the massive collection happened since March 2021 nearly (traded more than 60 mn shares)as below table.
