Ellenbarrie Industrial Gases Reaches New High Amid Increased Investor Activity and Valuation Concerns

Ellenbarrie Industrial Gases has shown significant activity today, marking a new 52-week high of Rs. 586.05. Since its IPO on June 26, 2025, the stock has appreciated by 39.50% from its issue price and 13.41% from its listing price. However, it underperformed its sector by 2.18% today, with a 1-day return of -3.23%, while the sector returned -0.31%.
The stock experienced erratic trading, not trading on two days out of the last 20. It touched an intraday low of Rs. 555, reflecting a decline of 3.75%. Notably, the weighted average price indicates that more volume was traded closer to this low price. Despite this, Ellenbarrie Industrial Gases is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong trend in the longer term.

Investor participation has risen significantly, with delivery volume on July 3 reaching 30.75 lakh, an increase of 180.64% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs. 7.85 crore based on 2% of the 5-day average traded value.

In comparison to its peers, Ellenbarrie Industrial Gases is categorized as having a quality rating of "na," while Refex Industries is rated as average. In terms of valuation, Ellenbarrie is considered very expensive with a P/E ratio of 97.57, compared to Refex Industries' P/E of 35.84, highlighting a significant disparity in market positioning.