Ashish Kacholia’s Multibagger Chemical Stock Fineotex Chemical Surges 2400% in Just Four Years

Ashish Kacholia’s multibagger stock, Fineotex Chemical, has been on a remarkable uptrend for over a year. Within the last 14 months, the chemical stock, owned by Kacholia, surged from around ₹220 to ₹375 per share, marking a significant 70% rise. However, this isn’t the whole story. Fineotex Chemical has a history of delivering exceptional returns, with its share price soaring from ₹38 to ₹375 per share, registering an astounding 900% increase over time. This exemplifies the potential for long-term gains in the stock market.

Share Price History

In 2024, Fineotex Chemical has been consolidating its position. While the stock remained flat in the last month, it delivered a modest 5% return to shareholders over the past six months. Year-to-date, the stock has seen a 2% increase. Over one year, the share price climbed from ₹303 to ₹375 per share, marking a 25% rise. Over five years, the stock skyrocketed from nearly ₹38 to ₹375 per share, a staggering 900% surge. In the post-COVID rally, the stock soared from ₹15 to ₹375 per share, witnessing a remarkable 2400% rally.

Ashish Kacholia’s Shareholding

During the January to March 2024 quarter, Ashish Kacholia maintained his stake in Fineotex Chemical Ltd., holding 31,35,568 company shares, equivalent to 2.83% of the company’s total paid-up capital. This consistency in holding reflects Kacholia’s confidence in the company’s potential.

Market Performance

Fineotex Chemical stock is actively traded on both NSE and BSE, with a current trade volume of approximately 4.06 lakh shares on NSE alone during Tuesday’s session. The company’s market capitalization of ₹4,201 crore underscores its potential for profitability. Its 52-week high on NSE stands at ₹458.85, while its 52-week low of ₹266 per share indicates strong support.