Refex Industries' Stock Sees 5.0% Increase, Recognized for Potential Turnaround by MarketsMOJO

Oct 30 2024 12:00 PM IST
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Refex Industries, a midcap company in the industrial gases and fuels industry, saw a 5.0% increase in its stock on October 30th, 2024. This rise was reflected in the 'Hold' call given by MarketsMojo, who has recognized the company's potential for a turnaround in its financial performance. The stock has outperformed its sector and the overall market in the past day, with a consecutive gain streak and an intraday high of Rs 495.


Refex Industries, a midcap company in the industrial gases and fuels industry, saw a 5.0% increase in its stock on October 30th, 2024. This rise in stock price was reflected in the 'Hold' call given by MarketsMOJO, a leading stock market analysis platform.

According to MarketsMOJO, Refex Industries has been a part of their Hidden Turnaround list since August 7th, 2024. This list includes companies that have shown potential for a turnaround in their financial performance.

In terms of price performance, Refex Industries outperformed its sector by 3.74% on October 30th. The stock has been on a consecutive gain streak for the past 3 days, with a 5.62% increase in returns during this period. It also touched an intraday high of Rs 495, showing a 4.82% increase.

While the stock's performance has been positive, it is currently trading higher than its 5-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 20-day moving average.

In comparison to the overall market performance, Refex Industries has outperformed the Sensex by 5.13% in the past day and underperformed by -7.07% in the past month.

Overall, Refex Industries has shown a positive trend in its stock performance and has been recognized by MarketsMOJO for its potential turnaround. Investors may want to keep an eye on this midcap company in the industrial gases and fuels industry.
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