Ellenbarrie Industrial Gases Achieves New High Amidst Volatile Trading and Rising Investor Interest

Ellenbarrie Industrial Gases has shown significant activity on July 2, 2025, following its recent IPO on June 26, 2025. The stock has experienced a notable percentage change of 27.43% from its issue price and a 3.60% increase from its listing price. Today, it reached a new 52-week high of Rs 563, although it underperformed its sector by 4.91%. The stock opened with a gain of 3.47% but faced volatility throughout the day, with an intraday high of Rs 563 and a low of Rs 504.9, resulting in a wide trading range of Rs 58.1.
Ellenbarrie Industrial Gases is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its short-term performance. The stock's delivery volume has remained stable, with a recent volume of 26.27 lacs, reflecting rising investor participation.

In comparison to its peers, Ellenbarrie Industrial Gases does not qualify in terms of quality, while Refex Industries is rated as average. In terms of valuation metrics, Ellenbarrie Industrial Gases has a price-to-earnings ratio of 10.75, significantly lower than Refex Industries, which is considered very expensive with a PE ratio of 36.77. This highlights the contrasting market positions of these companies within the other chemical products industry.