ICE Make Refrigeration vs Nifty 50: Returns Compared
- September 28, 2026
- Posted by: Kunal Singla
- Category: Market
ICE Make Refrigeration share price Rs 663.80 on NSE. ICE Make Refrigeration vs Nifty 50 over 1 year: -11.45% vs -6.14%. 52-week high Rs 920.00, low Rs 647.50.
Quick Answer
ICE Make Refrigeration vs Nifty 50 shows ICE Make Refrigeration trailing the benchmark on a one-year view, with a return of -11.45% against the Nifty 50’s -6.14%. Over the longer term the stock has also stayed ahead of the index, a pattern that reflects its underlying business momentum rather than a single quarter’s swing. Investors comparing the two should also weigh ICE Make Refrigeration’s trading liquidity, valuation and sector context rather than relying on returns alone.
ICE Make Refrigeration vs Nifty 50 is a comparison that looks different depending on the time frame chosen. ICE Make Refrigeration trades on the NSE under the symbol ICEMAKE, and its 1M return of -10.61% compares with the Nifty 50’s -4.28% over the same period.
The ICE Make Refrigeration vs Nifty 50 comparison matters because ICE Make Refrigeration is a single stock exposed to its own sector and company-specific developments, while the Nifty 50 spreads risk across 50 large companies. This article lines up ICE Make Refrigeration share price performance against the Nifty 50 across 1 month, 3 months, 6 months, 1 year, 3 years, 5 years, using NSE closing data.
Also read – Heranba Industries vs Nifty 50: Share Price Performance Compared
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ICE Make Refrigeration vs Nifty 50: Performance at a Glance
The table below sets out ICE Make Refrigeration vs Nifty 50 performance across the available time frames, measured from NSE closing prices up to 28 September 2026.
| Time Frame | ICE Make Refrigeration Return | Nifty 50 Return | Difference |
|---|---|---|---|
| 1 Month | -10.61% | -4.28% | -6.32% pp |
| 3 Months | -12.8% | -3.36% | -9.43% pp |
| 6 Months | -0.24% | +3.62% | -3.86% pp |
| 1 Year | -11.45% | -6.14% | -5.3% pp |
| 3 Years | +19.85% | +17.83% | +2.02% pp |
| 5 Years | +801.29% (ICE Make Refrigeration) | +30.65% (Nifty 50) | +770.64% pp |
On the ICE Make Refrigeration vs Nifty 50 scorecard, ICE Make Refrigeration has lagged the index over the most recent one-year window. Over the longer term the stock has also stayed ahead of the index, a pattern that reflects its underlying business momentum rather than a single quarter’s swing.
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Why the ICE Make Refrigeration vs Nifty 50 Gap Exists
ICE Make Refrigeration’s stock can move quite differently from the Nifty 50 because it carries concentrated exposure to its own sector and business cycle, unlike the index which blends 50 companies across banking, IT, energy and consumer sectors. This is the main driver of the gap seen in the ICE Make Refrigeration vs Nifty 50 return table above.
A second factor behind the ICE Make Refrigeration vs Nifty 50 divergence is valuation and trading liquidity. Company-specific news, quarterly results and sector sentiment can move ICE Make Refrigeration’s price sharply in either direction over short periods, while the Nifty 50’s return reflects the blended earnings trajectory of its constituents and is far less exposed to any single stock’s swings.
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ICE Make Refrigeration vs Nifty 50: Has ICE Make Refrigeration Beaten the Benchmark?
ICE Make Refrigeration has not kept pace with the Nifty 50 over the past year, posting a return of -11.45% against the index’s -6.14% over the same period.
Also read – HLE Glascoat vs Nifty 50: Share Price Performance Compared
Risks of the ICE Make Refrigeration vs Nifty 50 Comparison
Reading too much into a ICE Make Refrigeration vs Nifty 50 comparison has real limitations that investors should weigh before drawing conclusions. ICE Make Refrigeration carries concentrated business and sector risk that a diversified index does not, and its trading volumes and price swings can differ meaningfully from the Nifty 50’s more liquid, blended profile. A stock’s 52-week range of Rs 647.50 to Rs 920.00 also shows the kind of volatility that a single-stock investment carries relative to a broad index.
Conclusion
ICE Make Refrigeration vs Nifty 50 highlights how a single stock’s return path can differ from a diversified benchmark over different time horizons. Investors weighing the ICE Make Refrigeration vs Nifty 50 record should factor in ICE Make Refrigeration’s volatility, liquidity and sector concentration alongside its return history, and consult a SEBI-registered advisor before making an allocation decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Has ICE Make Refrigeration outperformed the Nifty 50 in the last year?
Ans. No. ICE Make Refrigeration returned -11.45% over the past year while the Nifty 50 returned -6.14% over the same period, based on NSE closing prices to 28 September 2026.
How does ICE Make Refrigeration vs Nifty 50 look over 5 years?
Ans. Over five years ICE Make Refrigeration has returned +801.29% compared with the Nifty 50’s +30.65%, so in the ICE Make Refrigeration vs Nifty 50 comparison the stock has been ahead over this longer horizon.
What is the ICE Make Refrigeration share price today compared to Nifty 50?
Ans. ICE Make Refrigeration share price stood at Rs 663.80 on NSE, while the Nifty 50 traded at 23,140.50 based on the same closing data window.
What is the 52-week high and low of ICE Make Refrigeration?
Ans. ICE Make Refrigeration’s 52-week high is Rs 920.00 and its 52-week low is Rs 647.50, based on NSE data.
Why does ICE Make Refrigeration show bigger price swings than the Nifty 50?
Ans. ICE Make Refrigeration carries concentrated exposure to its own sector and business cycle, while the Nifty 50 spreads risk across 50 large companies, so company-specific news moves ICE Make Refrigeration’s price more sharply than the diversified index, a key reason the ICE Make Refrigeration vs Nifty 50 return gap varies across time frames.
Is ICE Make Refrigeration a good long-term investment compared to a Nifty 50 index fund?
Ans. ICE Make Refrigeration’s suitability depends on an investor’s risk appetite, since single-stock exposure carries higher concentration risk than a diversified Nifty 50 index fund; long-term investors should weigh the ICE Make Refrigeration vs Nifty 50 return history alongside the company’s fundamentals and consult a SEBI-registered advisor.
