Fineotex Chemical LtFineotex Chemical Ltd up by 7.03%: Traders Market Update | Espressod up by 7.03 percent | Espresso

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Espresso Shot of the Day - Fineotex Chemical Ltd up by 7.03 percent

August 04, 2022
Espresso Shot of the Day - Fineotex Chemical Ltd up by 7.03 percent

FINEOTEX CHEMICAL LTD  229.10   (+7.03%)  BSE –  INE045J01026 | 4th August 2022

https://www.myespresso.com/images/Binge-graph-image_Fineotex-Chemical-Ltd-202208041903489792244.jpg

FINEOTEX group is one of the leading manufacturers of chemicals for textiles, construction material, water-treatment equipment, fertilizers and is also used extensively in the leather and paint industry. Fineotex manufactures and provides the entire range of products for Pretreatment Process, Dyeing Process, Printing Process and Finishing Process across the globe. Fineotex Group was established in 1979 by Mr. Surendra Tibrewala. FCL was incorporated as a public limited company in 2007. The company got listed on the Bombay Stock Exchange in March 2011 and was listed on the National Stock Exchange in January 2015.


Recent Driver

  • The chemical company reported a Quarterly net Profit of Rs. 19.77 crores in June 2022, up 108.78% from Rs. 9.47 crores in June 2021 on August 1,2022.
  • The company reported a Net Sales of Rs. 135.77 crores in June 2022, up 114.56% from Rs. 63.28 crores in June 2021 on August 1,2022.
  • Market Vetren Ashish Kacholia raised his shareholding in Fineotex Chemical from 1.84 to 1.93% in Q1FY23 on July 13,2022.
  • On May 18, 2022,Fineotex Chemical fixed the record date of final Dividend at Rs. 0.40 per share. The company also decided the dividend will be distributed on July 29,2022 for the Financial Year ended 31st March, 2022
  • Fineotex Chemical board approved a fund raising of Rs.200 crores on June 24, 2022 subject to shareholders' approval and regulatory and other approvals, as may be required under applicable law.
(Sources: BSE,  Moneycontrol,Business Standard,Livmint)


Technical Force*

  • S&P Bse small cap month till date gain by 1.79%
  • 3 months avg. NSE volume: 522,856
  • Quantity traded: 3,07,537| Deliverable Quantity: 1,32,913 (43.22%)
  • The stock price jumped by more than 150% from a one-year low level: 93.30 (August 24 ,2021)
  • Daily RSI (14) is at overbaught territory today
  • 52-week-high: 237.90 | 52-week-low: 93.30


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

262.83

205.12

171.78

114.07

80.73

23.02

-

-

Fibonacci Pivot

205.12

170.34

148.85

135.01

114.07

93.13

79.29

57.80

23.02


Today’s Close

229.10

SMA

BSE

10 DAY

217.36

20 DAY

209.79

50 DAY

189.34

200 DAY

162.96


Some Key Ratios (Source: BSE)

Market Cap: 2,537.25crores

PE:  52.54

OPM%: 24.59

ROE%:  21.78

Promoters holding%: 64.94

Prev. Close:  214.05


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

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.