Ace Investor Ashish Kacholia has increased his stake in this multibagger.

Ace Investor Ashish Kacholia has increased his stake in this multibagger. Ace Investor Ashish Kacholia has increased his stake in this multibagger.

by 5paisa Research Team Last Updated: Dec 12, 2022 - 01:32 am 20.3k Views
Listen icon

The company delivered 619.49% returns in two years.

Fineotex Chemical Limited is a leading manufacturer of over 450 speciality chemicals and enzymes. It caters to multiple sectors such as textile, home care, hygiene, mining, garment, water treatment, leather, construction, paint, agrochemicals, and adhesives.

In just 2 years, an investment of Rs 1 lakh would have become Rs 7.19 lakh. On 3 August 2020, the stock price was Rs 29.75, and on 3 August 2022, the stock price was Rs 214.05, showcasing a growth of 619.49%.

The company has truly proved to deliver exceptional returns to its investors. The shares of this speciality chemicals company jumped ~20% in the last month, 40% in the last 6 months, and almost 110% in one year.

In the June quarter, Ashish Kacholia aka the Big Whale increased his stake in this multibagger to 1.9% from the previously held 1.8% in the March quarter. The famous investor whose trading activities are under the radar of many investors acquired 5.5 lakh equity shares of the company.

In Q1FY23, on a consolidated basis, the company’s net sales climbed by 144.56% YoY to Rs 135.77 crore from Rs 63.28 crore. PBIDT (ex. OI) was reported at Rs 26.24 crore, a surge of 167.26% YoY compared to the year-ago period, which was Rs 9.82 crore. PAT was reported at Rs 20.31 crore against the profit of Rs 9.69 crore in the same quarter for the previous fiscal year, registering a YoY growth of 109.53%. Meanwhile, the PAT margin stood at 14.96% in Q1FY23.

On Friday, 5 August 2022, the company hit a fresh 52-week high of Rs 253.15 and it has a 52-week low of Rs 93.30.  At 11:14 am, the shares of Fineotex Chemical Limited have rallied by 8.32 % and the scrip is trading at Rs 248.15

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Paytm Share Price Surge 5% After Discontinuing Inter Company Pacts with PPBL

At 2.25 pm today, shares of One97 Communications the parent company of the renowned Paytm brand surged by 5% reaching ₹423.45.

NTPC Enters JV Agreement with Maharashtra State Power Generation

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO) to lead the development of renewable energy parks in Maharashtra.

Happiest Minds Partners with Secureworks for Advanced XDR Services

Happiest Minds Technologies has recently announced its collaboration with the Secureworks Global MSSP Partner program to address the escalating need for Extended Detection and Response (XDR) services worldwide.