Refex Industries Limited (REFEXIND) Best 1
REFEXIND
Company engaged in the business of refilling and selling non ozone depleting refrigerant gases popularly known as HydrofluoroCarbons’ or HFCs that are used in auto airconditioners room air conditioners commercial aircons refrigerators and refrigerating equipments.
The Stock CMP as on 04-01-2023 Rs. 270.40 (NSE)
Refex Industries Ltd. (REFEXIND)
The Company’s business verticals include refrigerant gases refilling and distributing; coal and fly ash handling; coal trading; O&M services for thermal power plants; coal yard management services; and solar power generation. Its refrigerant gases are primarily used as refrigerants, blowing agents and aerosol propellants. Its coal & ash handling include Fly Ash, Pond Ash and Bottom Ash. It supplies ash to cement manufacturers, infrastructure projects, to paver block and hollow bricks manufacturers in Maharashtra, Chhattisgarh, Madhya Pradesh, Andhra Pradesh & Karnataka. It also provides coal yard management services to power plants in handling movement of coal within the plant from one point to another; and crushing the coal into uniform size and feeding to track hoopers.
BIG News – Cabinet approves National Green Hydrogen Mission with initial outlay of Rs 19,744 crore.
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the much-awaited National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore, Union Minister of Information and Broadcasting Anurag Thakur said in a press briefing in New Delhi on January 4.
Of the Rs 19,744 crore outlay for the mission, the government has earmarked Rs 17,490 crore (88.6 percent) solely for incentives on the production of green hydrogen and manufacturing of electrolysers, which the government has termed Strategic Interventions for Green Hydrogen Transition Programme (SIGHT).
REFEXIND
Technical View
- On Monthly, Weekly and Daily chart, the stock has been trading with momentum triple pattern theory.
- The stock has just made a new life time high level.🟢
- On Monthly chart, the stock price showing breakout in November month with huge volume rise.✅
- Monthly RSI indicator is trading above 70 level which indicates over buying in the stock.
- Based on the above technical points, can expect further upside move in the stock in upcoming days.
