Refex Industries Crashes to 52-Week Low at ₹255: Buy Opportunity or Trap?

Refex Industries stock just hit a scary low of ₹255, down 20% in one day, leaving investors shocked and worried. Many wonder if this dip is a smart buy for quick gains or a risky trap amid bad news. This guide breaks it down simply so you can decide fast and protect your money.

Why the Stock Crashed HardIncome Tax raids hit Refex Group hard since December 9, uncovering over ₹1,000 crore in alleged fake buys and hidden cash. The stock plunged to its 52-week low of ₹254.35 on huge selling, wiping out 54% from its peak of ₹547 last year. Company says business runs smooth and they're helping probes, but fear rules the market now.

Anil Jain kicked off Refex in 2002 at age 19, spotting a gap in canned refrigerant gases that shook up the game. A Loyola College grad, he built a team-first culture, mentoring startups via Refex Capital and giving back during tough times like COVID. His drive turned a small idea into a big group, proving one bold vision can change lives.

How Refex Makes Money Today?

Refex blends old-school reliability with green future bets. They refill eco-friendly refrigerant gases like R-134A for ACs and fridges, handle ash from coal plants to cut pollution, trade power, and run solar farms. New arms cover medical X-rays, brain-drug APIs, electric cars as a service, and airport shops—spreading risk smartly. This mix powers steady cash even in shaky times.

Short-term pain lingers from raids, but long-term growth looks bright if probes clear. Experts see ₹894 start to ₹1,441 by end-2026 on green energy boom. By 2030, targets hit ₹4,050-₹11,436 as solar and EVs explode. Stretch to 2035 could reach ₹20,774 with India’s clean push; even 2040 might double that if Anil’s team nails execution. Past 3-year jumps of 1,000%+ show bounce-back power.