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Multibagger Stock: Refex Industries, a small cap company, is a multibagger stock which has given excellent returns to its investors in a short span of time. On Friday, the company’s shares hit an upper circuit of 20 per cent. The stock has closed at Rs 426.65 on NSE. The company has also recently announced the results of the fourth quarter of the financial year 2022-23. The company’s results were excellent in the March quarter. Let us tell you that the market cap of Refex Industries has increased to Rs 942.42 crore on Friday.
how were the quarterly results
Standalone Profit After Tax (PAT) of Refex Industries stood at Rs 50.67 crore for the quarter ended March 31, 2023. 24.01 crore during the corresponding quarter of the previous year. At the same time, the company’s standalone PAT has increased to Rs 116 crore in the full financial year 2023, compared to Rs 45.38 crore last year.
related news
Standalone Total Income of Refex during the quarter increased to Rs.631.97 crore from Rs.178.11 crore in the same period last year. Net income has increased by more than three times in the entire financial year 2023. The company’s net income stood at Rs 1,637 crore in FY23, as against Rs 448 crore in the previous financial year. This means that it has increased by 264.70 percent on an annual basis.
declaration of dividend
Refex Industries said in a stock exchange filing, “The company’s board of directors has recommended a final dividend of Rs 2 per equity share of Rs 10 each (20%) for the financial year ending March 31, 2023. Ahead of Annual General Meeting In this it will need the approval of the shareholders.
How is the performance of stocks
Refex Industries is a multibagger stock which has given excellent returns in short term as well as long term. In the last one month itself, the company’s shares have climbed 45 per cent. In the last 6 months, investors have made a profit of 68 per cent. It has given a handsome return of 254% in the last one year. Not only this, the shares of the company have gained a whopping 3500 per cent in the last five years.
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