Shri Venkatesh Refineries Sees Notable Revision in Its Stock Evaluation Amid Strong Performance

Jan 05 2025 09:20 AM IST
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Shri Venkatesh Refineries has recently experienced a revision in its score following a notable performance in the market. The stock, which reached an all-time high, has shown resilience after a brief decline, gaining momentum in trading. It has been added to MarketsMojo's list, reflecting its strong market position and impressive year-over-year gains.
Shri Venkatesh Refineries, a microcap player in the refined oil and vanaspati industry, has recently experienced a notable adjustment in its evaluation. The stock reached an all-time high of Rs. 241.95 on January 5, 2025, marking a significant milestone for the company. Today, it outperformed its sector by 1.74%, showcasing its resilience in a competitive market.

After two consecutive days of decline, the stock demonstrated a trend reversal, opening with a substantial gain of 10.25%. This upward movement was accompanied by high volatility, with an intraday fluctuation of 5.53%. Additionally, Shri Venkatesh Refineries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trajectory.

In light of these developments, the stock has been added to MarketsMOJO's list, reflecting a positive shift in its overall assessment. Over the past year, Shri Venkatesh Refineries has delivered an impressive performance of 125.37%, significantly outpacing the Sensex, which recorded a growth of 11.02%.
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