Fineotex Chemical is currently trading at Rs. 368.55, up by 7.00 points or 1.94% from its previous closing of Rs. 361.55 on the BSE.
The scrip opened at Rs. 362.05 and has touched a high and low of Rs. 373.90 and Rs. 362.05 respectively. So far 42922 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 392.20 on 27-Dec-2023 and a 52 week low of Rs. 208.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 392.20 and Rs. 350.95 respectively. The current market cap of the company is Rs. 4109.38 crore.
The promoters holding in the company stood at 65.03%, while Institutions and Non-Institutions held 4.57% and 30.39% respectively.
Fineotex Chemical’s subsidiary -- FSPL Specialities has acquired additional factory land premises located at Additional Ambernath, MIDC, Thane, Maharashtra admeasuring around 7 Acres land for a total investment of around Rs 35 crore funded by Company’s Internal Accruals. This plant will primarily cater to meet the customer growing demands in the existing Speciality performance chemical product line catering to Textile, Home Care, Cleaning, Hygiene and Drilling Speciality Chemicals.
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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