Refex Industries' Stock Performance Soars, Outperforms Market and Receives 'Hold' Call from MarketsMOJO

Refex Industries, a midcap company in the industrial gases and fuels industry, has seen a positive trend in its stock performance. On September 13, 2024, the company's stock gained 5.09%, closing at Rs. 450. This marks a new 52-week high for the company, which has been on a consecutive gain for the past 4 days and has risen 13.62% in that period.

MarketsMOJO, a leading stock analysis platform, has given a 'Hold' call for Refex Industries' stock. The company has also been a part of the Hidden Turnaround list on MarketsMOJO since August 7, 2024. This indicates a positive outlook for the company's future performance.

In today's trading session, Refex Industries outperformed the sector by 5.43%, opening with a gain of 2.05% and touching an intraday high of Rs. 450 (5.78%). The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the overall market performance, Refex Industries has shown a significant outperformance. On a 1-day basis, the stock has gained 6.79% while the Sensex has seen a decline of 0.21%. Similarly, on a 1-month basis, the stock has gained 65.20% while the Sensex has seen a growth of 4.86%.

Overall, Refex Industries has shown a strong performance in the industrial gases and fuels industry, with a positive trend in its stock price and outperformance in the market. With a 'Hold' call from MarketsMOJO and a spot on the Hidden Turnaround list, the company seems to be on a promising path for future growth.