Refex Industries Ltd Experiences Surge in Trading Activity and Market Interest
Refex Industries Ltd has experienced significant trading activity, reaching its upper circuit limit with a notable intraday high. The stock has shown strong market interest, outperforming its sector and gaining over the past two days. Despite some fluctuations in moving averages, it maintains adequate liquidity for trading.
Refex Industries Ltd, a player in the Industrial Gases & Fuels sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 420.65, reflecting a notable increase of 4.99% from its previous close. The last traded price stands at Rs 400.65, marking an absolute change of Rs 19.05.In terms of trading volume, Refex Industries recorded a total traded volume of approximately 1.11 lakh shares, resulting in a turnover of around Rs 4.44 crore. The stock has outperformed its sector by 2.37% today and has been on a positive trajectory, gaining 8.08% over the last two days. It opened with a gain of 2.17%, indicating strong market interest.
While the stock's performance is above the 5-day and 50-day moving averages, it remains below the 20-day, 100-day, and 200-day moving averages. Despite a slight decline in delivery volume, the stock maintains sufficient liquidity for trading activities.
Overall, Refex Industries Ltd has demonstrated robust performance today, reflecting positive momentum in the market.
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