Shares of Fineotex Chemicals surged over 8% on BSE At 408 on the BSE in Friday’s trading session. The specialty chemical stock has been on an uptrend for the past few sessions and has gained over 48% over the past month.
In a clarification sought by the stock exchanges for the significant volatility in the stock price, the company said in a regulatory filing last week that “we would like to inform you that, at present, the board of the company has not taken any decision on price fluctuations”. Impact on the lows. Further, the company has declared its annual and quarterly positive results in the month of April and July respectively, which has a positive impact on the market.”
The Company further stated that the fluctuations in the share price of the Company are purely due to market conditions and obviously market driven and the Management or the Company has no control over the same and shall in any way alter the price of the Shares. is not associated with fluctuations.
Fineotex Group is one of the leading manufacturers of chemicals for the textile, construction, water treatment, fertilizer, leather and paint industries. Fineotex manufactures and provides a complete range of products for the Pretreatment Process, Dyeing Process, Printing Process and Finishing Process for Textile Processing to customers around the world.
Fineotex Group was founded in 1979 by Surendra Tibrewala. FCL was incorporated in 2007 as a Public Limited Company. The company was listed on the Bombay Stock Exchange in March 2011 and on the National Stock Exchange in January 2015.
multibagger stock has skyrocketed by over 226% in a one-year period. specialty chemical stock It has jumped more than 196% so far in 2022 (year-to-date or YTD), and is up 145% in the six-month period alone.
Indian veteran investors and stock market traders Ashish Kacholia It owns 21,42,534 equity shares or 1.93% stake in the specialty chemical maker as of June 2022, the BSE shareholding pattern showed. Kacholia has a diversified portfolio comprising of Hospitality, Education, Infra, Manufacturing and Chemical stocks and is known for his ability to choose quality stocks in the midcap and smallcap segments.
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