Refex Industries Outperforms Sector Amid Broader Market Decline and Positive Momentum

Jun 02 2025 01:10 PM IST
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Refex Industries has demonstrated strong performance, gaining 5.81% on June 2, 2025, and outperforming its sector. The stock has risen 7.61% over two days and is trading above key moving averages. In contrast, the broader market, represented by the Sensex, has faced declines recently.
Refex Industries, a midcap player in the Other Chemical products sector, has shown significant activity today, gaining 5.81% on June 2, 2025. This performance has allowed the stock to outperform its sector by 5.26%. Over the past two days, Refex Industries has recorded a total increase of 7.61%, indicating a positive trend in its recent performance.

The stock reached an intraday high of Rs 478.35, reflecting a rise of 5.48%. Notably, Refex Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

In contrast, the broader market has faced challenges, with the Sensex opening lower at 81,214.42 and currently trading down by 0.24%. The Sensex has experienced a three-week consecutive decline, losing 1.31% during this period. Despite this, Refex Industries has demonstrated robust performance metrics, including a remarkable 254.44% increase over the past year, significantly outpacing the Sensex's 9.86% gain in the same timeframe.
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