Refex Industries Faces Trading Volatility Amidst Notable Market Activity
Refex Industries Ltd faced notable trading activity today, hitting the lower circuit limit with a last traded price of Rs 379.75. The stock experienced a significant intraday range and a total traded volume of approximately 1.69 lakh shares. Despite today's challenges, it has shown resilience over the past week.
Refex Industries Ltd, a player in the Industrial Gases & Fuels sector, experienced significant trading activity today as its stock hit the lower circuit limit. The stock's last traded price was Rs 379.75, reflecting a change of Rs 6.55, or a 1.76% decrease. The stock reached an intraday high of Rs 396.35 but fell to a low of Rs 354.55, marking a notable decline within the day's trading range, which is capped at a 5% price band.Total traded volume for Refex Industries was approximately 1.69 lakh shares, resulting in a turnover of Rs 6.33 crore. Despite the day's challenges, the stock has shown resilience over the past five days, gaining 8.63% during this period and outperforming its sector by 3.81%.
In terms of moving averages, the stock is currently above its 5-day, 20-day, and 200-day averages but below its 50-day and 100-day averages. The liquidity remains adequate, with delivery volume showing a 47.28% increase compared to the 5-day average. Overall, Refex Industries Ltd's performance today reflects a complex market scenario, with the stock navigating significant fluctuations.
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