Refex Industries Ltd Achieves Upper Circuit Limit Amid Strong Market Activity

Apr 01 2025 11:00 AM IST
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Refex Industries Ltd experienced notable trading activity, reaching an intraday high and achieving significant gains. The stock recorded a substantial trading volume and turnover, outperforming its sector while the broader market declined. Its performance indicates a strong market position within the industrial gases and fuels sector.
Refex Industries Ltd, a player in the Industrial Gases & Fuels sector, has shown significant activity today as its stock reached the upper circuit limit. The stock hit an intraday high of Rs 397.6, reflecting a notable increase of 4.99% from the previous close. The last traded price also stands at Rs 397.6, marking an absolute change of 18.9.

In terms of trading volume, Refex Industries recorded a total traded volume of approximately 0.86445 lakh shares, resulting in a turnover of Rs 3.38 crore. The stock's performance today has outperformed its sector by 2.49%, while the broader market, represented by the Sensex, experienced a decline of 1.16%.

The stock is currently positioned above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day moving averages. Despite a decrease in delivery volume by 13.7% compared to the 5-day average, the stock maintains sufficient liquidity for trading.

Overall, Refex Industries Ltd's performance today highlights its strong market position within the industrial gases and fuels sector, with a solid intraday high and positive returns relative to its sector.
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