Ellenbarrie Industrial Gases Faces Declining Investor Interest Amid High Valuation Metrics

Ellenbarrie Industrial Gases, a mid-cap player in the Other Chemical Products industry, has shown notable activity on July 18, 2025. The stock has experienced a percentage change of 39.71% from its issue price and 13.59% from its listing price since its IPO on June 26, 2025. However, today it underperformed the sector by 1.18%, marking a decline of 1.47% in its one-day return, while the sector and Sensex recorded smaller declines of 0.52% and 0.41%, respectively.
The stock has been on a downward trend, losing 1.76% over the past two days. Notably, investor participation has decreased significantly, with delivery volume dropping by 49.15% compared to the five-day average. Despite this, the stock remains liquid enough for trades sized at Rs 1.89 crore, based on 2% of the five-day average traded value.

In terms of quality, Ellenbarrie Industrial Gases is categorized as "na," while its peer, Refex Industries, is rated as average. Valuation metrics indicate that Ellenbarrie is considered very expensive, with a price-to-earnings ratio of 95.98 and an EV/EBITDA of 74.09, compared to Refex Industries, which also falls under the very expensive category but with significantly lower ratios.