The company has raised the funds in two tranches through a preferential allotment of equity shares and convertible warrants.

Fineotex Chemical Raises Rs 342.55 Crore Through Preferential Issue Of Shares, Warrants

Fineotex Chemical announced the successful fund raising of Rs 342.5 crore through a preferential allotment of equity shares and convertible warrants.

Corporate

Fineotex Chemical raises Rs 342.5 cr via preferential allotment of shares and warrants

Hulst BV offloading 26.63% stake in Coforge Ltd via block deal at 7.4% discount. Aerospace stocks in focus due to Chandrayaan-3. Asit C. Mehta to issue 2,000 10.50% Secured Redeemable Non-Convertible Debentures. Vascon Engineers awarded Rs. 605.65 Cr. contract from Bihar Govt. Fineotex Chemical awa…

Stocks that will see action today: August 24, 2023

Fineotex Chemical reported a 20% rise in consolidated net profit to Rs 22.15 crore on 4% increase in revenue from operations to Rs 109.23 crore in Q3 FY23 over Q3 FY22.

Fineotex Chemical Q3 PAT jumps 20% YoY to Rs 22 cr

Fineotex Chemical consolidated net profit rises 19.99% in the December 2022 quarter

Metro Brands will turn ex-dividend today. Metro Brands had announced an interim dividend of Re 2.50 per share. The record date for the same is January 28.

Metro Brands, Surya Roshni shares to go ex-dividend; Vedanta, Bajaj Finance, Fineotex Chemical Q3 results today

Fineotex Chemical manufactures over 450 specialty chemicals, catering mainly to the textile sector, apart from other sectors such as construction, water treatment, agrochemicals, adhesives, and other industries

Ashish Kacholia stayed put on Fineotex Chemical in Q3 despite sharp fall in shares

EKI Energy Services Ltd, Fineotex Chemical Ltd, Central Bank of India and UCO Bank are among the other losers in the BSE’s ‘A’ group today, 23 December 2022.

Indian Overseas Bank leads losers in ‘A’ group

Fineotex Chemical dropped 8.55% to Rs 258.20, extending losses for the eight trading session.

Fineotex Chemical slumps over 19% in eight days

A formal announcement is expected in the next couple of days. An email sent to Fineotex Chemical on Tuesday has not yet elicited any response. The new order size would be equivalent to quarterly revenue of the company thereby adding significantly to the revenue visibility. It had revenue of Rs 368 c…

Fineotex Chemical likely to bag Rs 150 crore worth order from FMCG sector

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Fineotex Chemical Limited is a manufacturer of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. 