Shri Venkatesh Refineries Experiences Notable Adjustment in Evaluation Amid Strong Market Performance

Jan 04 2025 09:20 AM IST
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Shri Venkatesh Refineries has experienced a notable adjustment in its evaluation, reflecting its strong market performance. The stock recently reached an all-time high, showcasing significant gains and volatility. With impressive returns over the past year, it has been added to MarketsMojo's list, highlighting its robust position in the refined oil sector.
Shri Venkatesh Refineries, a microcap player in the refined oil and vanaspati industry, has recently experienced a notable adjustment in its evaluation. The stock has reached an all-time high, with its price hitting Rs. 241.95 today, marking a significant milestone for the company. This performance comes after a trend reversal, as the stock gained after two consecutive days of decline.

In today's trading session, Shri Venkatesh Refineries outperformed its sector by 1.74%, showcasing its resilience in a competitive market. The stock opened with a substantial gain of 10.25%, reflecting high volatility with an intraday fluctuation of 5.53%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.

Furthermore, the stock has been added to MarketsMOJO's list, highlighting its improved standing in the market. Over the past year, Shri Venkatesh Refineries has delivered an impressive performance, achieving a remarkable 125.37% increase, significantly outpacing the Sensex, which recorded a growth of 11.02%.
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