Refex Industries Faces Short-Term Challenges Amid Broader Sector Decline

Refex Industries, a midcap player in the Industrial Gases & Fuels sector, has experienced a notable decline of 5.46% on April 7, 2025. This drop comes as the stock has underperformed its sector by 1.43%, marking a consecutive fall over the last two days, resulting in an overall decrease of 8.35% during this period. The stock opened the day with a loss of 3.22% and reached an intraday low of Rs 381.55.
In terms of moving averages, Refex Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The broader market context shows that the Industrial Gases & Fuels sector has also faced challenges, declining by 3.88%.

While Refex Industries has shown strong performance over the long term, with a remarkable 1,344.70% increase over three years and an impressive 18,947.62% rise over the past decade, recent trends indicate a struggle in the short to medium term. The stock's year-to-date performance stands at -20.41%, contrasting sharply with its one-year performance of 167.41%.