Refex Industries Shows Resilience Amid Market Volatility with Significant Stock Gains
Refex Industries has experienced notable trading activity, gaining 8.41% on January 24, 2025, significantly outperforming its sector. The stock has shown a positive trend over the past two days, with high volatility and fluctuations. Despite a slight decline over the past month, it remains resilient compared to broader market trends.
Refex Industries, a midcap player in the Industrial Gases & Fuels sector, has shown significant activity today, gaining 8.41% on January 24, 2025. This performance notably outpaced the broader market, with the stock outperforming its sector by 7.29%. Over the past two days, Refex Industries has demonstrated a positive trend, accumulating a total return of 7.28%.The stock opened with a notable gain of 5.56% and reached an intraday high of Rs 475, reflecting a 7.28% increase at its peak. However, the trading session has been marked by high volatility, with an intraday volatility rate of 54.92%, indicating substantial price fluctuations throughout the day.
In terms of moving averages, Refex Industries is currently positioned higher than its 5-day and 200-day moving averages, while remaining below its 20-day, 50-day, and 100-day moving averages. Over the past month, the stock has experienced a slight decline of 1.34%, contrasting with the Sensex's decrease of 2.25%. This performance highlights the stock's recent resilience amid broader market trends.
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