Shri Venkatesh Refineries Achieves 52-Week High Amid Broader Market Decline

Shri Venkatesh Refineries, a microcap player in the edible oil industry, has made headlines today as its stock price reached a new 52-week high of Rs. 243. This milestone comes after a notable performance over the past four days, during which the stock has gained 17.96%. Despite opening the day with a loss of 2.89%, hitting an intraday low of Rs. 235, the stock has shown resilience by trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In the broader market context, the Sensex experienced a negative trend after a flat opening, dropping by 284.41 points to close at 82,253.46. This decline marks a 2.15% loss over the past three weeks, although the index remains just 4.53% shy of its 52-week high of 85,978.25. Notably, the BSE Mid Cap index is leading the market today, gaining 0.67%. Over the past year, Shri Venkatesh Refineries has outperformed the Sensex significantly, with a remarkable 76.09% increase compared to the index's modest 2.15% rise.