Refex Industries Stock Declines on November 13, Outperforms Sector and Sensex in Short Term

Refex Industries, a midcap company in the industrial gases and fuels industry, has seen a decline in its stock price on November 13, 2024. The stock has lost -5.27% on this day, underperforming the sector by -1.21%. This is the third consecutive day of losses for the company, with a total decline of -6.94% in this period.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Refex Industries is 'Hold'. The stock has also been a part of the Hidden Turnaround list on MarketsMOJO since August 7, 2024.

On November 13, the stock touched an intraday low of Rs 483.5, which is a decrease of -5.57% from the previous day's closing price. However, the stock's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long term.

In comparison, the industrial gases and fuels sector has seen a decline of -2.7%, suggesting a broader trend in the industry. Refex Industries' performance on this day was -5.27%, while the Sensex's performance was -0.89%. In the last month, the company's stock has seen a decline of -1.89%, while the Sensex has seen a decline of -4.18%.

Overall, Refex Industries' stock has seen a decline in its price on November 13, but it has been performing better than the sector and the Sensex in the short term. Investors should keep an eye on the company's performance in the coming days to make informed decisions.