Multibagger: Penny stock Refex Industries soared 13765% in a decade, up 1351% in 5 years

livemint.com:

₹1.19 in June 2014 to trade around ₹165 currently. This significant increase underscores Refex's consistent and substantial value appreciation trajectory, positioning it as a standout performer within the penny stock category. Such extraordinary gains not only reflect its past success but also highlight its potential as a high-return investment opportunity over the years.Meanwhile, over the past 5 years, the stock has surged by an impressive 1351 percent, rising from ₹11.37 in June 2019.

Similarly, over the last 3 years, it has shown significant growth of 466 percent, starting from ₹29.15 in June 2021.In recent times as well, Refex Industries has demonstrated strong performance, gaining 38 percent over the past year and 37 percent year-to-date in 2024. The stock has delivered positive returns in 4 out of the 6 months so far this year. In June, it surged almost 22 percent following a decline of over 18 percent in May.

Prior to that, it showed robust gains of 23.5 percent in April and 3.7 percent in March, though it declined by 6.8 percent in February. January 2024 saw a notable increase of 15.4 percent in the stock's value.Currently trading at ₹165, Refex Industries is approximately 11 percent below its record high of ₹184.79, reached on August 2, 2023. However, it has shown strong resilience by surging 64 percent from its 52-week low of ₹100.67, recorded on June 23, 2023.Refex Industries Limited engages in the handling and disposal of fly ash in India.

The company refills hydrofluorocarbons, which are used in air conditioners, refrigerators, and refrigerating equipment. It also generates and distributes solar power; trades in coal and solar accessories; and provides coal crushing and coal yard management services. The