{"id":145772,"date":"2025-03-05T16:06:17","date_gmt":"2025-03-05T10:36:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145772"},"modified":"2025-03-05T16:56:57","modified_gmt":"2025-03-05T11:26:57","slug":"stock-hits-5-upper-circuit-after-company-to-expand-its-ev-fleet-with-1000-ev-by-fy26","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-company-to-expand-its-ev-fleet-with-1000-ev-by-fy26\/","title":{"rendered":"Stock hits 5% upper circuit after company to expand its EV fleet with 1,000 EV by FY26"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3329535343\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This Smallcap stock, which specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal, hit 5 percent after it plans to expand its fleet to 1,000 Electric Cars by FY26 with a Strategic Partnership.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1873927600\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price Movement&nbsp;<\/strong><\/h2><p>In Wednesday\u2019s trading session, the share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/REFEX\" target=\"_blank\" rel=\"noreferrer noopener\">Refex Industries<\/a><\/strong> touched a day\u2019s high of Rs. 400.75 which was up by 4.99 percent. The stock price remained in the upper circuit limit price, a 5 percent higher than the previous closing price of Rs. 381.70 apiece.\u00a0The share has delivered multibagger 207 percent return and outperformed the Nifty Index in the past year.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>The company\u2019s stock was in focus after Refex Industries in its recent filing revealed that its wholly owned subsidiary Refex Green Mobility Limited (Refex eVeelz) has entered into an agreement with India\u2019s largest ride hailing platform to induct and operate 1,000 electric four wheeler (e4Ws) across cities like Bengaluru, Hyderabad, Mumbai and Chennai in FY26.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><\/h2><p>Based on the development, the Managing Director of Refex Industries, Anil Jain said \u201cAt Refex eVeelz, we are committed to playing a leading role in shaping the future of sustainable mobility in India. This strategic expansion not only strengthens our presence across key metropolitan cities but also aligns with our long-term vision of enabling a cleaner, smarter, and more efficient transportation ecosystem.\u201d<\/p><div class=\"trade-content_5\" id=\"trade-3311924813\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>In its Q3FY25 financial results, Refex Industries reported revenue of Rs. 717 crore, a 134.31 percent increase from Rs. 306 crore in the same quarter of the previous year. The Profit After Tax grew by 194.11 percent to Rs. 50 crore, up from Rs. 17 crore in the same quarter of the previous year.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile&nbsp;<\/strong><\/h2><p>Refex Industries is a leading Indian company specializing in eco-friendly refrigerant gases, ash and coal handling, power trading, and green mobility. It operates across multiple sectors, focusing on sustainability and environmental responsibility.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Written by &#8211; Santhosh S<\/em><\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-2962593004\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This Smallcap stock, which specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal, hit 5 percent after it plans to expand its fleet to 1,000 Electric Cars by FY26 with a Strategic Partnership. Share Price Movement&nbsp; In Wednesday\u2019s trading session, the share price of Refex Industries touched [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118830,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[26518,9332,9331,948,936,2597,9333],"class_list":["post-145772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-refex-industries","tag-refex-industries-latest-news","tag-refex-industries-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-why-is-refex-industries-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock hits 5% upper circuit after company to 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