ICE Make Refrigeration Faces Stock Volatility Amidst Mixed Market Signals

Jul 28 2025 06:00 PM IST
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ICE Make Refrigeration, a small-cap industrial manufacturer, has seen significant stock fluctuations today. With a market cap of Rs 1,239.00 crore and a P/E ratio lower than the industry average, the company has experienced a year-long decline, contrasting with its impressive long-term growth over three and five years.
ICE Make Refrigeration, a small-cap player in the industrial manufacturing sector, has experienced notable fluctuations in its stock performance today. The company's market capitalization stands at Rs 1,239.00 crore, with a price-to-earnings (P/E) ratio of 53.62, which is significantly lower than the industry average of 71.99.

Over the past year, ICE Make Refrigeration has seen a decline of 7.63%, contrasting with the Sensex's slight drop of 0.54%. In the short term, the stock has decreased by 1.21% today, while the Sensex fell by 0.70%. Weekly performance shows a decline of 3.45% for ICE Make Refrigeration compared to a 1.59% decrease in the Sensex.

On a longer-term basis, the company has shown resilience, with a remarkable 515.92% increase over three years and an impressive 1889.10% rise over five years. However, the stock's performance over the last decade has stagnated at 0.00%, while the Sensex has gained 194.59%. Technical indicators suggest a bearish trend in the short term, with various metrics reflecting mixed signals.
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