Fineotex Chemical Share Price: Ashish Kacholia-backed smallcap stock up 1000% in 5 years
fineotex chemical share price: ashish kacholia-backed smallcap stock up 1000 per cent in 5 years
Smallcap Stock: Fineotex Chemicals, a smallcap stock backed by ace investor Ashish Kacholia, is one of top gainers from the smallcap space in the recent years. The company has informed through a filing that an Extra Ordinary General Meeting is scheduled for tomorrow to transact several business activities.
On Wednesday, the smallcap stock opened in the green at Rs 390.20 against the previous closing of Rs 389.10. It went on to make a high of Rs 399.65, up 2.71 per cent. Around 2 PM, the scrip traded flat with positive bias at Rs 392. As man as 3.23 lakh shares of the compay changed hands around the same time.
"An Extra Ordinary General Meeting (“EGM”) of the Shareholders of the Company of Fineotex Chemical Limited is scheduled for convening on Thursday, June 27, 2024 at 3 PM," the filing read.
Tomorrow's EGM is in continuation to the notice of the EGM dated June 1 and corrigendum dated June 22 which the firm has already been dispatched to the shareholders. Now, the second corrigendum has been issued today to inform to all the shareholders regarding changes in the explanatory statement.
Fineotex Chemicals Share Price Target
Brokerage firm KR Choksey has initiated BUY coverage on Fineotex Chemicals. It has set a target of Rs 570.
Fineotex Chemicals is backed by Ashishk Kacholia. According to data rooted from trendlyne as on March 2024 quarter, Kacholia owns 3,135,568 equity shares (2.8 per cent) of the company.
Fineotex Chemicals Share Price History
Fineotex Chemicals is a constituent of BSE SmallCap. According to BSE analytics on June 26, its shares have delivered a positive return of 35 per cent in the last one year. The counter has more than doubled investors by in the last two years, zooming a whopping 155 per cent.
In three and five years, the smallcap stock has sprinted 333 per cent and 1,021 per cent, respectively.
Fineotex Chemicals shares have a 52-week range of Rs 458 - Rs 265.95 on BSE. The company commands a market cap of Rs 4,345.86 crore.