Shri Venkatesh Refineries Hits Record High Amid High Volatility and Strong Performance

Shri Venkatesh Refineries, a microcap player in the refined oil and vanaspati industry, has recently achieved a significant milestone by reaching an all-time high price of Rs. 230 on December 25, 2024. This marks a notable performance, with the stock outperforming its sector by 8.77% today.
Despite opening the trading session with a loss of 2.36%, the stock demonstrated resilience by reversing a three-day decline, ultimately hitting an intraday high of Rs. 230, reflecting an increase of 8.49%. However, it also experienced fluctuations, with a low of Rs. 192, indicating a volatility of 9% throughout the day.

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 strong upward trend over various time frames. Over the past year, the company has delivered an impressive performance, with a gain of 109.46%, significantly outpacing the Sensex, which recorded a growth of 10.36%. This performance underscores the company's position within the market and its operational dynamics in the refined oil sector.