Microcap Company Ashoka Refineries Surges in Stock Price, Outperforms Sensex in Solvent Extraction Industry

May 21 2024 10:35 AM IST
share
Share Via
Ashoka Refineries, a microcap company in the solvent extraction industry, has seen a surge in its stock price, reaching a 52-week high of Rs.11 on May 21, 2024. Despite a 'Sell' rating from MarketsMojo, the company's performance is in line with the sector and has consistently outperformed the Sensex in the past year.

Ashoka Refineries, a microcap company in the solvent extraction industry, has recently seen a surge in its stock price. On May 21, 2024, the company's stock reached a 52-week high of Rs.11. This increase in price has caught the attention of investors and market analysts.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Ashoka Refineries is 'Sell'. However, the company's performance today is in line with the sector, indicating a stable market position.

It is worth noting that the stock did not trade for two days out of the last 20 days, which could be attributed to market fluctuations or other external factors. Despite this, Ashoka Refineries is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In the past year, Ashoka Refineries has outperformed the Sensex, with a growth of 104.08% compared to the Sensex's 19.53% performance. This showcases the company's strong performance and potential for growth in the solvent extraction industry.

As a microcap company, Ashoka Refineries may not be on the radar of many investors, but its recent stock price surge and consistent performance make it a company to watch out for in the solvent extraction industry. With a strong track record and positive market indicators, Ashoka Refineries is poised for continued success in the future.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News