Fineotex Chemical spurts after Ashish Kacholia hikes stake

4 Aug 2022 , 10:41 AM

Ashish Kacholia bought 5.5 lakh equity shares of the company, or a 0.5% stake, through open market transactions, raising his shareholding to 2.43% from 1.94% earlier. Fineotex Chemical is a leading manufacturer of over 450 specialty chemicals and enzymes. On a consolidated basis, net profit of Fineotex Chemical rose 108.76% to Rs 19.77 crore on 114.55% surge in net sales to Rs 135.77 crore in Q1 June 2022 over Q1 June 2021. Meanwhile, the S&P BSE Sensex was up 97 points or 0.17% to 58,447.64. On the BSE, 1.71 lakh shares were traded in the Fineotex Chemical counter so far compared with average daily volumes of 69,581 shares in the past two weeks. The stock hit a high of Rs 237.9 and a low of Rs 215 so far during the day. The stock hit a 52-week high of Rs 237.9 on 04 Aug 2022. The stock hit a 52-week low of Rs 93.3 on 24 Aug 2021. The stock had outperformed the market over the past one month, rising 11.08% compared with 9.61% rise in the Sensex. The scrip outperformed the market in past one quarter, gaining 18.92% as against Sensexs 4.82% rise. The scrip had also outperformed the market in past one year, jumping 99.77% as against Sensexs 8.41% rise. Powered by Capital Market – Live News