Shri Venkatesh Refineries Hits 52-Week High Amid Strong Yearly Performance

Shri Venkatesh Refineries, a microcap player in the refined oil and vanaspati industry, has recently reached a notable milestone, coming close to its 52-week high. As of December 24, 2024, the stock is just 0.67% shy of its peak price of Rs 224.5. The company has demonstrated strong performance, outperforming its sector by 5.82% today. Despite opening with a loss of 2.36%, the stock rebounded, achieving an intraday high of Rs 223, reflecting a gain of 5.19%. However, it also experienced significant fluctuations, with an intraday low of Rs 192, marking a decline of 9.43%. The stock's volatility today was measured at 7.47%, indicating a highly active trading environment. In terms of moving averages, Shri Venkatesh Refineries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a positive trend in its price movement. Over the past year, the company has seen an impressive performance increase of 125.49%, significantly outpacing the Sensex, which recorded a growth of 10.36%.