FINOTEX CHEMICAL
This Ashish Kacholia-owned money spinner turned Rs 10,000 to Rs 11 lakh in 10 years
Fineotex Chemical, a smallcap speciality chemical company, has seen its shares rise by 10,837% over the last decade. The company has a market capitalisation of around INR2,800 crore ($383m) and has seen its sales grow from INR96 crore in 2013 to INR368 crore in 2022. The firm makes specialty chemicals and enzymes for various industries and also produces adhesives used in the wood and paper industry.
Rising product diversification augurs well for Fineotex Chemical
Mumbai-based Fineotex Chemical has bagged orders to supply performance chemicals to two major FMCG companies that would help in diversifying the customer base that largely consists of textile companies. These new orders are expected to generate incremental revenue of Rs 150-200 crore.
Stocks in the news: UltraTech, HDFC Bank, HCL Tech, IOC, Maruti and SAIL
UltraTech Cement, HFCL, Angel One, Sonata Software, Hathway Cable, Tatva Chintan Pharma Chem and Maharashtra Scooters are among the companies that will announce their December quarter results today.
NSE-BSE bulk deals: SageOne Investment laps up shares of Apollo Pipes
SageOne Investment Advisors LLP bought 69,714 shares of Apollo Pipes at a price of Rs 597.10.
