This share is also included in Ashish Kacholia’s portfolio.
This multibagger stock has jumped 109 per cent in the last 6 months.
So far in the year 2022, this stock has given 137 percent return to its investors.
New Delhi. The chemical stock Fineotex Chemical, which has been galloping for the last one year, saw a sharp rise on Friday. In intraday on BSE, this multibagger stock rose 5.38 percent to reach its record of Rs 327. This share is also included in the portfolio of veteran investor Ashish Kacholia. The specialty chemicals stock has gained 22.75 per cent in the last five trading sessions.
According to a report by Live Mint, the Fineotex Group is a major chemical manufacturer for the textile, manufacturing, water-treatment, fertiliser, leather and paint industries. Fineotex is a multinational company manufacturing textile chemicals since 1979 in India and Malaysia. Fineotex provides a complete range of products for the Pre-treatment Process, Dyeing Process, Printing Process and Finishing Process for Textile Processing to its customers across the globe. The company was listed on BSE in 2011 and on NSE in 2015.
made investors rich
The shares of Fineotex have been a strong rally in the last one year. In the last one month, the shares of the company have gained 52.77 percent on the BSE. At the same time, this multibagger stock has jumped 109 percent in the last 6 months. So far in the year 2022, this stock has given 137 percent return to its investors. If we talk about 1 year, then the shares of this Finotex have gained 203 percent in this period. During this period, this stock has increased from Rs 107 to Rs 327.
Company’s earnings increased in June quarter
Fineotex has performed well in the first quarter of FY 2023. The net consolidated profit of the company increased by 110 per cent to Rs 20 crore. At the same time, its income grew by 115 percent on an annual basis and it stood at Rs 136 crore.
Share of Ashish Kacholia
Finotex Chemical is also included in the portfolio of veteran investor Ashish Kacholia. As per the company’s shareholding pattern for June 2022 quarter available on BSE, Ashish Kacholia holds 21,42,534 equity shares or 1.93% stake in the company. Kacholia’s portfolio consists of stocks in hospitality, education, manufacturing and infra companies.
FIRST PUBLISHED : September 02, 2022, 15:49 IST