Intraday Trading Dynamics
On the trading day, Refex Industries opened with a gap down of 16.65%, touching an intraday low of Rs 212, which also represented a new 52-week low for the stock. Despite this initial setback, the stock exhibited considerable resilience, climbing to its intraday peak of Rs 283.7. This movement reflects an intraday volatility of 12.91%, calculated from the weighted average price, underscoring the stock’s fluctuating price action throughout the session.
The stock’s day change closed at 10.95%, outperforming its sector, Other Chemical products, by 9.58%. This outperformance is particularly notable given the broader market context, where the Sensex opened lower at 84,891.75, down 375.91 points or 0.44%, and was trading marginally lower at 85,050.00 (-0.26%) during the session.
Market Context and Sector Performance
The broader market environment saw the Sensex trading close to its 52-week high of 86,159.02, remaining approximately 1.3% below this peak. The index was supported by bullish moving averages, with the 50-day moving average positioned above the 200-day moving average, indicating a generally positive medium-term trend. Small-cap stocks led the market gains, with the BSE Small Cap index advancing by 0.15%, providing a supportive backdrop for stocks like Refex Industries.
Despite the positive intraday movement, Refex Industries is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests that the stock remains under pressure from a technical perspective over multiple timeframes.
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Performance Comparison Over Various Periods
Refex Industries’ one-day performance on 15 Dec 2025 was 8.69%, contrasting with the Sensex’s decline of 0.27% over the same period. However, the stock’s performance over longer durations shows a different picture. Over one week, the stock recorded a decline of 12.61%, while the Sensex was down marginally by 0.08%. The one-month and three-month periods saw Refex Industries fall by 21.85% and 22.26% respectively, whereas the Sensex posted gains of 0.56% and 3.98% over these intervals.
Year-to-date, Refex Industries has recorded a decline of 42.70%, in contrast to the Sensex’s gain of 8.83%. Over the one-year horizon, the stock’s performance shows a reduction of 46.84%, while the Sensex increased by 3.54%. Despite these recent declines, the stock’s longer-term returns remain substantial, with a three-year gain of 407.81%, five-year gain of 1197.28%, and a remarkable ten-year gain of 15,898.26%, compared to the Sensex’s respective gains of 37.60%, 83.81%, and 235.84%.
Trading Activity and Volatility Insights
The day’s trading session for Refex Industries was marked by high volatility and significant price swings. The stock’s opening gap down of 16.65% set a challenging tone, yet the subsequent recovery to an intraday high of Rs 283.7 demonstrated active trading interest and rapid price adjustments. This volatility is reflected in the intraday price range spanning from Rs 212 to Rs 283.7, a difference of over 33% within a single session.
Such price behaviour indicates a market environment where buyers and sellers are actively contesting the stock’s valuation, resulting in sharp intraday movements. The stock’s ability to recover from its low to close with a positive day change suggests that market participants responded to the lower price levels with increased buying activity during the session.
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Sector and Industry Positioning
Refex Industries operates within the Other Chemical products industry and sector. The stock’s intraday outperformance relative to its sector by 9.58% on the day highlights a divergence from the broader industry trend. This suggests that specific factors affecting Refex Industries may be distinct from those influencing its peers.
Despite the stock’s current trading below all major moving averages, the intraday price action indicates a potential shift in short-term market sentiment. The reversal after three consecutive days of decline and the strong intraday rally may reflect changing dynamics in supply and demand for the stock.
Summary of Key Market Metrics
To summarise, Refex Industries on 15 Dec 2025:
- Opened at a price reflecting a 16.65% gap down
- Hit an intraday low and new 52-week low of Rs 212
- Reached an intraday high of Rs 283.7, an 11.54% increase from the opening price
- Closed the day with a 10.95% gain
- Displayed intraday volatility of 12.91%
- Outperformed its sector by 9.58%
- Continued to trade below all key moving averages
This trading session underscores the stock’s capacity for significant intraday price movement amid a broader market that was relatively subdued. The contrast between the stock’s volatility and the Sensex’s modest decline highlights the unique trading conditions surrounding Refex Industries on this day.
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