Espresso Shot of the Day - FINEOTEX CHEMICALS LTD up by 9.49 percent

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Espresso Shot of the Day - FINEOTEX CHEMICALS LTD up by 9.49 percent

December 09, 2021
Espresso Shot of the Day - FINEOTEX CHEMICALS LTD up by 9.49 percent

Fineotex Chemicals Ltd 126.95  (+9.49%) BSE – INE045J01026 | Dec 9, 2021

Fineotex Chemical Limited is a leading manufacturer of over 450 specialty chemicals and enzymes. Their state-of-the-art manufacturing plants are situated in Navi Mumbai (India) and Selangor (Malaysia) are fungible across the entire product range. Their new plant in Ambernath, Mumbai will enhance their capacities from 43,000 MT per annum, which will cater to their clientele across key international textile hubs. Their subsidiary Biotex, in Malaysia spearheads the research and development initiatives, ensuring Fineotex is always evolving and adapting. They are constantly looking for new avenues of expansion and providing the most innovative and sustainable solutions for all their clients requirements. BioTex specializes in high end specialty finishing textile chemicals like water & oil repellents, antimicrobials, etc. for textiles and also has a great presence in few segments for the paint sector. Their joint venture with HealthGuard will enhance our geographic reach and will provide durable antimicrobial and anti-viral sustainable chemistries in the market.


Recent Drivers

  • On Nov 9, 2021, the company announced that it has commenced commercial production at its new Ambernath plant from 9th of Nov 2021
  • On Nov 1, 2021, Net profit of Fineotex Chemical rose 2.19% to Rs 10.72 crores in the quarter ended September 2021 as against Rs 10.49 crore during the previous quarter ended September 2020.
  • On Nov 1, 2021, the company’s sales rose 43.36% to Rs 78.49 crores in the quarter ended September 2021 as against Rs 54.75 crores during the previous quarter ended September 2020.
  • On Sep 21, 2021, the company earned the prestigious ECO PASSPORT by OEKO-TEX certification, the highest rating in the globally renowned audit that measures standards of sustainability.
  • On Sep 16, 2021, the company entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialize specialty chemicals for the Indian market.

(Sources: Business Standard, FCL)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 3.86%
  • Spurt in Volume by more than 2.16 times 3 months avg. volume: 149,624
  • Quantity traded: 1,89,967 | Deliverable quantity: 57,198 (30.11%)
  • Stock price jumped more than 200% from one-year-low level: 41.05 (Dec 22, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 146.10 | 52-week-low: 41.05


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

  144.33

107.12

86.78

49.57

29.23

-

-

    -

Fibonacci Pivot

107.12

    85.13

71.55

62.80

49.57

36.33

27.58

14.00

    -


Today’s Close

126.95

SMA

BSE

10 DAY

113.06

20 DAY

116.25

50 DAY

121.29

200 DAY

96.73


Some Key Ratios (Source: BSE)

Market Cap:  1405.95 Crores

PE: 36.21

OPM%: 24.71

ROE%: 19.89

Promoters holding%: 64.82

Prev. Close:115.95

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.