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Fineotex Chemical is currently trading at Rs. 342.20, up by 5.00 points or 1.48% from its previous closing of Rs. 337.20 on the BSE.
The scrip opened at Rs. 336.70 and has touched a high and low of Rs. 344.70 and Rs. 336.70 respectively. So far 47246 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 409.45 on 13-Sep-2022 and a 52 week low of Rs. 103.00 on 30-Nov-2021.
Last one week high and low of the scrip stood at Rs. 344.70 and Rs. 319.45 respectively. The current market cap of the company is Rs. 3775.97 crore.
The promoters holding in the company stood at 64.97%, while Institutions and Non-Institutions held 5.03% and 30.00% respectively.
Fineotex Chemical has secured a Rs 150 crore specialty performance chemical order from a leading FMCG company. This new product business is a result of the company’s consistent high quality product development, focus on contract performance and continuing to build long term relationships with global customers. This new specialty product provides Fineotex with significant opportunities to explore partnerships in the global FMCG market for the supply of other cleaning and hygiene products. This long term order has an annual sales value of approximately Rs 150 crore and will be manufactured at our recently commissioned facility at Ambernath.
In addition to the new order, starting November 14, 2022, Fineotex has successfully expanded its capacity at Ambernath by an additional 21,000 tons. This takes the total capacity at Ambernath to 104,000 tons per year and enables Fineotex to cater not only for this new product contract but also expected future orders. This new development will enable Fineotex to target and focus on the FMCG industry and niche segments within it, to drive future growth opportunities.
Fineotex Chemical manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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