Refex Industries Hits Intraday Low Amid Price Pressure and Market Volatility
Intraday Performance and Price Movement
On the trading day, Refex Industries opened with a gap down of 7.55%, signalling immediate selling pressure from the outset. The stock’s intraday volatility was notably high, with an 88.59% fluctuation based on the weighted average price, underscoring the unsettled trading environment. The share price reached its lowest point at ₹281.55, marking an 11.43% drop from the previous close and establishing a fresh 52-week low.
This decline contrasts sharply with the broader market, where the Sensex opened 232.90 points higher and traded at 85,178.18, reflecting a 0.42% gain. The Sensex remains close to its 52-week high, just 1.15% shy of 86,159.02, and is supported by bullish moving averages, with the…
