- By Aditya Pratap Singh
- Mon, 31 Mar 2025 01:29 PM (IST)
- Source:JND
Fineotex Chemicals: Shares of speciality chemicals manufacturer Fineotex Chemicals will be in the spotlight on Tuesday, when the market opens after the Eid holiday, as the promoter increases its stake in the company. According to an exchange filing, the promoter of the company has bought a total of 4,000 shares through the open market.
Aarti Mitesh Jhunjhunwala bought 4,000 equity shares to increase her holding from 81,050 shares to 85,050 shares, representing a 0.07 per cent stake. Earlier at the beginning of this month, Finotex Chemicals CFO and Executive Director Sanjay Tibrewala bought 20,000 equity shares. Later, he bought 40,000 shares in the same month, raising his equity holding to 3.02% or 34,54,990 shares in the company.
Ace investor Ashish Kacholia holds 31,35,568 equity shares in Fineotex Chemicals, representing 2.7 per cent of the company as at the end of the December 2024 quarter. He has invested Rs. 74.8 crore.
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Fineotex Chemical's share price
Fineotex shares closed the last trading session at Rs. 229.75 - a loss of 3.77 per cent as compared to the previous day's closing price of Rs 238.75 on BSE. Meanwhile, in the trading session, the counter touched an intraday high of Rs. 243.40 and an intraday low of Rs. 229. 229. The 52-week high and lows of the stock stood at Rs. 438.60 and Rs. 215.10 respectively.
Fineotex Chemical's share price history
On NSE, the stock has given a multi-bagger return of 1431 per cent in 5 years and 42 per cent in three years. So far this year, the share price of Fineotex corrected 33 per cent. The counter has given negative returns of 37 per cent in one year.
Earlier, Finotex Chemicals had raised Rs. 342.55 crore through the issue of equity shares and warrants on a preferential basis. In a regulatory filing, the company announced the completion of "fundraising of Rs 342.55 crore through preferential allotment of equity shares and convertible warrants".
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Disclaimer: This is just a piece of news about recent developments. Jagran does not advise investing, please take expert opinion before investing.