Fineotex Chemical gets shareholder nod to sell investment in FCL Landmare

India Infoline News Service | Mumbai | September 23, 201610:44 IST

The subsidiary was incorporated in 2013 but did not carry any activity and had a net worth of Rs.30,297.

Dalal Street
Fineotex Chemical Ltd is currently trading at Rs. 28.5, up by Rs. 0.25 or 0.88% from its previous closing of Rs. 28.25 on the BSE. The company gets members'approval to sell an investment in FCL Landmare Pvt Ltd. The subsidiary was incorporated in 2013 but did not carry any activity and had a net worth of Rs.30,297.

The scrip opened at Rs. 28.9 and has touched a high and low of Rs. 29.4 and Rs. 28.35 respectively. So far 119901 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 317.24 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 37.95 on 29-Dec-2015 and a 52 week low of Rs. 19.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 28.35 and Rs. 25.75 respectively.

The promoters holding in the company stood at 71.72 % while Institutions and Non-Institutions held 0.03 % and 28.25 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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