Refex Industries Sees High-Value Trading Amid Volatile Market Activity

Trading Volume and Value Insights

On 15 Dec 2025, Refex Industries recorded a total traded volume of 94,84,762 shares, translating into a substantial traded value of approximately ₹228.56 crores. This level of activity places the stock among the top equity performers by value turnover on the day, underscoring its liquidity and investor focus. The stock’s market capitalisation stands at ₹3,524.23 crores, categorising it within the small-cap universe, yet it commands significant attention from market participants.

Price Movement and Volatility

The stock opened at ₹215.1, marking a gap down of 15.61% from the previous close of ₹254.9. During the session, Refex Industries touched an intraday low of ₹215.1 and a high of ₹263.9, resulting in a wide trading range of ₹34.65. The last traded price (LTP) settled at ₹260.2, indicating a recovery from the day’s low and a positive shift after three consecutive days of decline. The intraday volatility, calculated from the weighted average price, was 5.48%, highlighting the stock’s heightened price fluctuations during the session.

Technical and Moving Average Context

Despite the rebound in price, Refex Industries remains 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 is still under pressure relative to its recent historical price levels. The weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, reflecting cautious investor sentiment at lower price points.

Investor Participation and Liquidity

Investor engagement has shown a marked increase, with delivery volume on 12 Dec 2025 reaching 27.87 lakh shares. This figure represents a surge of over 1850% compared to the five-day average delivery volume, signalling a significant rise in long-term investor interest. The stock’s liquidity is sufficient to support trade sizes of approximately ₹1.03 crore, based on 2% of the five-day average traded value, making it accessible for institutional and retail investors alike.

Comparative Performance and Sector Context

On the day, Refex Industries’ stock return was 0.82%, outperforming its sector’s return of -0.38% and the broader Sensex index, which declined by 0.49%. However, the stock underperformed the Other Chemical products sector by 1.76% during the session, reflecting mixed investor sentiment within the industry. The stock’s new 52-week low of ₹215.1 was established during the session, indicating ongoing price pressures despite the intraday recovery.

Market Dynamics and Institutional Interest

The substantial traded value and volume suggest active participation from institutional investors and large order flows. The wide intraday price range and volatility point to a dynamic trading environment where both buyers and sellers are actively engaged. The rising delivery volumes further imply that investors are increasingly taking positions with a longer-term perspective, potentially anticipating shifts in the company’s fundamentals or sector outlook.

Outlook and Considerations for Investors

Refex Industries’ current trading patterns highlight a stock in transition, with significant market interest but also notable price challenges. The gap down opening and subsequent recovery within the session illustrate the stock’s sensitivity to market news and investor sentiment. Trading below all major moving averages suggests that the stock remains in a consolidation or correction phase, requiring close monitoring for signs of sustained momentum or further weakness.

Sector and Industry Positioning

Operating within the Other Chemical products sector, Refex Industries faces competitive pressures and sector-specific challenges that influence its market valuation and trading behaviour. The sector’s performance on the day was subdued, with a negative return, while Refex Industries managed to post a modest positive return. This divergence may reflect company-specific factors or investor expectations about its near-term prospects relative to peers.

Summary of Key Metrics

To summarise, Refex Industries’ trading session on 15 Dec 2025 was characterised by:

• Total traded volume of 94.85 lakh shares


• Traded value of ₹228.56 crores


• Opening price at ₹215.1, a gap down of 15.61%


• Intraday high of ₹263.9 and low of ₹215.1


• Last traded price at ₹260.2


• Intraday volatility of 5.48%


• Delivery volume surge to 27.87 lakh shares on 12 Dec 2025


• Trading below all major moving averages

These figures illustrate a stock experiencing significant trading interest amid a volatile environment, with investors weighing the risks and opportunities presented by its price action and sector dynamics.

Investor Implications

For investors, the current scenario suggests a need for careful analysis of Refex Industries’ fundamentals and market conditions. The elevated trading volumes and value turnover indicate that the stock is on the radar of both retail and institutional participants. However, the price behaviour and technical indicators point to a cautious approach, with attention to potential support levels and broader sector trends.

Market participants may also consider the liquidity profile of the stock, which supports sizeable trade executions without significant market impact. This factor is particularly relevant for institutional investors seeking to enter or exit positions efficiently.

Overall, Refex Industries presents a complex picture of active market engagement combined with technical challenges, making it a focal point for traders and investors monitoring the Other Chemical products sector.

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