Fineotex Chemical Ltd (NSE: FCL): There is a continuous decline in the stock market and it seems that no support level is a strong support level for the market.
Nifty has fallen so much that it has also seen the level of 23600. The market is experiencing a dramatic decrease on Wednesday.
Meanwhile, stock-specific action is being seen in the market. Stock-based news flow has increased, due to which volatility is increasing in the market. The phase of corporate results is going on and companies are announcing their quarterly results.
There is news in Fineotex Chemical Ltd, the company in which star investor Ashish Kacholia has invested. ICRA has upgraded its score of the business.
The share of Fineotex Chemical Ltd was trading at Rs 360 on Wednesday. The market value for the firm is 4.10 thousand crore rupees.
Star investor Ashish Kacholia has 3,135,568 shares of this company, whose holding value is Rs 113.60 crores.
The long-term rating of Fineotex Chemical Ltd has been upgraded by the Investment Information and Credit Rating Agency (ICRA) after evaluating recent developments.
The small-cap company said in a filing that the ICRA rating committee has revised the Long Term – Fund Based – Cash Credit and Long Term / Short Term – Unallocated outlook from Stable to Positive.
Fineotex Chemical Ltd produces chemicals for the textile and FMCG industries. Apart from this, its special chemicals also go to the oil and gas industries.
Fineotex Chemical’s Share Price History
Fineotex Chemical is a part of the BSE Smallcap Index. According to analytics, its share has risen 11.33% in the last year and 13 percent in two years.
In the last three years, this stock has given a multibagger return of 197 percent. In five and 10 years, this smallcap stock has given mega returns of 1,102.85% and 2,078 percent respectively, making this stock a multibagger for many investors.
According to the BSE website, the market capitalization of this smallcap company as of November 13 is Rs 4,056.54 crore.
Quick Fact
| Company name | Fineotex Chemical |
|---|---|
| Stock price | ₹359.05 (-3.58%) |
| Investor | Ashish Kacholia |
| Shares held by investor | 3,135,568 |
| Holding value | ₹113.60 crore |
| Market value | ₹4,056.54 crore |
| Rating agency | ICRA |
| Rating change | Stable to Positive |
| Industry sectors | Textile, FMCG, Oil and Gas |
| 1-year growth | 11.33% |
| 2-year growth | 13% |
| 3-year growth | 197% |
| 5-year growth | 1,102.85% |
| 10-year growth | 2,078% |
| Market index | BSE Smallcap |
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