Refex Industries Shows Strong Short-Term Gains Amid Broader Market Uptrend

Refex Industries, a midcap player in the Industrial Gases & Fuels sector, has shown significant activity today, gaining 5.0% on March 24, 2025. This performance outpaced the broader market, with the stock outperforming the Sensex by 3.82%. Over the past two days, Refex Industries has recorded a total return of 6.72%, indicating a positive short-term trend.
The stock reached an intraday high of Rs 397, reflecting strong trading momentum. In terms of moving averages, Refex Industries is currently above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day averages, suggesting mixed signals in its medium-term performance.

In the broader market context, the Sensex opened higher at 77,456.27, gaining 550.76 points (0.72%), and is currently trading at 77,402.99. The index has experienced a three-week consecutive rise, gaining 5.74% during this period. While Refex Industries has faced challenges over the past month and quarter, its impressive one-year performance of 172.48% stands out against the Sensex's 6.27% increase, highlighting its strong historical growth trajectory.