Refex Industries Ltd Shows Strong Market Resilience Amid Increased Investor Participation

Apr 15 2025 10:00 AM IST
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Refex Industries Ltd, a mid-cap in the Industrial Gases & Fuels sector, reached its upper circuit limit today, achieving a significant intraday high. The stock outperformed its sector, with increased trading volume and delivery participation, indicating strong investor interest and a solid market position.
Refex Industries Ltd, a mid-cap player in the Industrial Gases & Fuels sector, has shown remarkable activity today, hitting its upper circuit limit with a notable intraday high of Rs 426.1, reflecting a change of Rs 20.25 or 4.99%. The stock's performance has outpaced its sector, which gained 2.68%, and has delivered a solid 10.23% return over the last two days.

The total traded volume reached approximately 0.71 lakh shares, contributing to a turnover of Rs 3.01 crore. The stock's liquidity remains robust, with delivery volume increasing by 70.27% compared to the five-day average, indicating rising investor participation.

In terms of moving averages, Refex Industries is currently positioned above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average. This performance underscores the stock's strong market position within its industry.

Overall, Refex Industries Ltd's performance today highlights its resilience and positive momentum in the market, reflecting a favorable trend for investors observing the Industrial Gases & Fuels sector.
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