Turnover on the counter came at Rs 8.02 crore, commanding a market capitalisation (m-cap) of Rs 5,798.24 crore. On the technical front, support for Refex is expected in the Rs 430-400 range, while a breakout above Rs 450-465 is needed to initiate the next leg of the uptrend. Osho Krishan, Senior Analyst - Technical & Derivative Research at Angel One, said, "Refex has witnessed a spurt in volume and price from the crucial support of the ascending trendline. Rs 400 is a crucial support zone, while the Rs 450-460 zone represents a crucial hurdle. Either a breakout on one side or the other is likely to trigger the next leg of the trend in the counter in the near future." According to Sebi-registered independent analyst AR Ramachandran, "Refex Industries stock price is bullish on daily charts with strong support at Rs 411. A daily close above resistance of Rs 450 could lead to an upside target of Rs 504 in the near term." Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi, observed that support could be seen at Rs 430 and immediate resistance at Rs 465. A sustained move above Rs 465 could push the stock towards Rs 480, with the near-term trading range seen between Rs 430 and Rs 480. The scrip traded higher than the 5-day, 10-, 20-, 30-, 100-day and 150-day simple moving averages (SMAs) but lower than the 50-day and 200-day SMAs. Its 14-day relative strength index (RSI) came at 54.93. A level below 30 is defined as oversold while a value above 70 is considered overbought. The stock has a price-to-earnings (P/E) ratio of 30.61 against a price-to-book (P/B) value of 9.17, BSE data showed. Earnings per share (EPS) stood at 14.65 with a return on equity (RoE) of 29.96. According to Trendlyne data, Refex has a one-year beta of 1.2, indicating high volatility. As of June 2025, promoters held a 53.33 per cent stake in the company.