Specialty Chemical To Buy: Ashish Kacholia Stock Gets Buy Call; KR Choksey Maintains Rs 575 TP

The shares of Fineotex Chemical Limited, a specialty chemical company included in the portfolio of stock market veteran investor Ashish Kacholia, have given investors a bumper return of 1555 per cent from the level of Rs 23 on 16 January 2015 till now and this share has crossed the level of Rs 390.

KR Choksey Research has recommended buying shares of Fineotex Chemical Limited, a company included in the portfolio of stock market veteran investor Ashish Kacholia.

KR Choksey Research has said that Fineotex Chemical Limited shares can be bought for a target of Rs 575. KR Choksey Research has said that the EBITDA margin of Fineotex Chemical Limited has increased to 26 percent in the last financial year. The shares of Fineotex Chemical were at the level of ₹ 35 on 28 June 2019, from where investors got a bumper return of 1015 percent. The company's sales have increased by 10 percent while the profit after tax has increased by 35 percent.

KR Choksey Research has said that Fineotex Chemical Limited, which manufactures specialty chemicals, is continuously expanding its operations and due to this, a good increase can be seen in its revenue and profits. The promoter's stake in Fineotex Chemical Limited has remained close to 65 percent for a long time. Fineotex Chemical International is working on an ambitious plan to expand operations through acquisitions. If you also want to earn money by investing in the stock market, then you can keep an eye on the shares of Fineotex Chemical Limited and buy it when there is weakness.

The shares of Fineotex Chemical Limited, which has a market cap of about Rs 4360 crore, have a 52-week high of Rs 458 and the 52-week low is Rs 266. Ashish Kacholia has made a big investment in the shares of Fineotex Chemical. Stock market veteran investor Ashish Kacholia has a 2.83 percent stake in this company.

Fineotex Chemicals shares have given a return of 10 percent in the last 5 days, while in the last 1 year, this stock has given investors a return of 35 percent from the level of Rs 290. The shares of Fineotex Chemicals were at the level of Rs 35 on 28 June 2019, from where investors got a bumper return of 1015 per cent.

Recently, according to the latest exchange filing by Fineotex Chemical Ltd, the company is in advanced discussions with a speciality chemical manufacturing company for a potential acquisition. The target company's product portfolio and customer base align strategically with Fineotex's current operations, a factor that should inspire confidence in the company's growth strategy. The company reiterated that negotiations and due diligence are ongoing, underscoring their commitment to both organic and inorganic growth and enhancing stakeholder value.

Fineotex Chemical is a maker of specialised chemicals for a variety of industries, including adhesives, paint, agrochemicals, textiles, home care, hygiene, mining, apparel, and water treatment. One of the top producers of over 450 speciality chemicals and enzymes is Fineotex Chemical Limited. Its cutting-edge production facilities, which are located in Selangor, Malaysia, and Navi Mumbai, India, are in force for the whole spectrum of products.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.