Refex Industries Ltd Hits Intraday High with 7.73% Surge on 19 Jan 2026

Intraday Performance and Price Action

On the trading day, Refex Industries Ltd recorded a significant gain of 7.73%, closing well above its recent averages. The stock touched a peak of Rs 260.7 during the session, representing an 8.94% rise intraday. This performance contrasts sharply with the broader market, where the Sensex declined by 0.21% to close at 83,393.92 points after a flat opening.

The stock’s intraday rally was accompanied by a trading volume that supported the price movement, indicating sustained buying interest throughout the session. Refex Industries Ltd’s price currently trades above its 5-day and 20-day moving averages, signalling short-term strength. However, it remains below its 50-day, 100-day, and 200-day moving averages, suggesting that longer-term resistance levels are yet to be breached.

Comparative Sector and Market Context

Within the Other Chemical products sector, Refex Industries Ltd outperformed by 8.73% relative to its peers. This sector outperformance is particularly notable given the broader market’s cautious tone. The Sensex is currently 3.32% below its 52-week high of 86,159.02 and has experienced a three-week consecutive decline, losing 2.76% over that period.

Refex Industries Ltd’s recent gains come after two consecutive days of positive returns, accumulating a 9.23% increase over this short span. This contrasts with the Sensex’s 0.58% decline over the past week, highlighting the stock’s relative resilience amid broader market weakness.

Mojo Score and Ratings Update

Refex Industries Ltd holds a Mojo Score of 31.0, categorised under a Sell grade as of 11 Aug 2025, an upgrade from its previous Strong Sell rating. This adjustment reflects a slight improvement in the company’s overall assessment metrics, although the score remains on the lower side. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to its peers.

Despite the positive intraday price action, the stock’s longer-term performance metrics remain subdued. Over the past year, Refex Industries Ltd has declined by 46.89%, significantly underperforming the Sensex’s 8.84% gain during the same period. Similarly, the three-month return shows a 25.98% decrease, compared to the Sensex’s marginal 0.66% loss.

Historical Performance Overview

While recent trends have been challenging, Refex Industries Ltd’s longer-term track record remains impressive. The stock has delivered a 385.89% return over three years and an extraordinary 1,244.60% gain over five years. Over a decade, the stock’s appreciation stands at 11,899.53%, vastly outperforming the Sensex’s 240.66% rise in the same timeframe. These figures highlight the company’s capacity for substantial growth over extended periods despite short-term volatility.

Market Environment and Broader Indices

The broader market context on 19 Jan 2026 was characterised by a cautious mood. The Sensex opened flat but gradually declined by 75.86 points, closing at 83,393.92. The index remains below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a mixed technical outlook. The ongoing three-week decline in the Sensex underscores the current market’s risk-averse sentiment.

In contrast, Refex Industries Ltd’s strong intraday performance and outperformance relative to the Sensex and its sector peers suggest a divergence from the broader market trend. The stock’s ability to sustain gains above short-term moving averages may indicate a developing positive momentum in the near term.

Summary of Trading Action

Refex Industries Ltd’s trading session on 19 Jan 2026 was marked by a strong upward trajectory, with the stock gaining 7.73% and reaching an intraday high of Rs 260.7. This performance was supported by gains over the previous two days, cumulatively rising 9.23%. The stock’s relative strength against the Sensex and its sector peers highlights its distinct trading momentum amid a broadly negative market backdrop.

Technical indicators show the stock trading above its short-term moving averages, which may provide support for continued price stability in the near term. However, the stock remains below longer-term moving averages, indicating that resistance levels remain in place and that the broader trend requires further confirmation.

Overall, Refex Industries Ltd’s intraday surge stands out as a notable event in the current market environment, reflecting a concentrated burst of buying interest and positive price action within the Other Chemical products sector.

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