Microcap Company Ashoka Refineries Surges in Stock Price, Outperforms Sector and Sensex

Ashoka Refineries, a microcap company in the solvent extraction industry, has recently seen a surge in its stock price. On May 17, 2024, the company's stock hit a 52-week high of Rs.10.93. However, according to MarketsMOJO, the stock is currently rated as a 'Sell'.

In terms of performance, Ashoka Refineries has underperformed the sector by -1.47% today. Despite this, the stock has been on a consecutive gain for the last 3 days and has seen a 6.01% increase in returns during this period. It is worth noting that the stock did not trade for 2 days out of the last 20 days, indicating some erratic trading behavior.

Ashoka Refineries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which could be a positive sign for investors. In comparison, the solvent extraction sector has seen a gain of 2.12%.

Looking at the company's performance over the past year, Ashoka Refineries has outperformed the Sensex by a significant margin. While the company's stock has seen a 102.78% increase, the Sensex has only seen a 19.97% increase in the same period.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of Ashoka Refineries or the solvent extraction industry. Investors are advised to conduct their own research and make informed decisions.