Textile Chemicals & Auxiliariesin India. Aarti Jhunjhunwala, Executive Director, Fineotex Chemical Limited. Fineotex Chemical Ltd. engages in the manufacture of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. - Fineotex has been accredited by ISO 9001:20015, ISO 14001:2015, OHSAS 18001:2007 and SA 8000 (Social Accountability Management System) certification for … By clicking "Accept all" you agree that Verizon Media and our partners will store and/or access information on your device through the use of cookies and similar technologies and process your personal data, to display personalised ads and content, for ad and content measurement, audience insights and product development. Read more about Fineotex Chemical rises after board OKs share buyback on Business Standard. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. 10 to Rs. It also has its manufacturing facility in … 2 2017-Fineotex Chemical Limited came up with their first Buyback in 2017-Fineotex has been awarded as the fastest growing company in chemical manufacturing sector by IPF at Bombay Stock Exchange.- It is a tax-efficient method of distribution of profits to shareholders. Your support through more subscriptions can help us practise the journalism to which we are committed. CP). document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); As on 24 July 2020, the promoters and promoter group held 71.42% stake in the company. itrade4profit daily @itrade4profit #FCL (Fineotex Chemical Limited) gave a return of 12.04% within 31 trading sessions. Last Updated at July 28, 2020 14:16 IST. Fineotex Chemical Limited.- Post Buyback Public Announcement Jan 04, 2021 | Buybacks : Open Market Through Stock Exchanges Fineotex Chemical will hold a meeting of the Board of Directors of the Company on 22 April... Apr 15, 2021 10:42 Fineotex Chemical to discuss results Fineotex Chemical Limited.- Post Buyback Public Announcement; Jan 04, 2021: HSIL Limited - Post Buyback Public Announcement; Dec 24, 2020: IIFL Securities Limited - Public Announcement; Nov 26, 2020: Sreeleathers Limited - Public Announcement; Nov 12, 2020: Hindustan Petroleum Corporation Limited - Public Announcement; Oct 19, 2020 Select 'Manage settings' to manage your choices. -Fineotex Chemical Limited came up with their first Buyback in 2017 - Fineotex has been awarded as the fastest growing company in chemical manufacturing sector by IPF at Bombay Stock Exchange. Fineotex has engaged in manufacturing of Speciality chemicals and Enzymes for Textile and Garment Industry, Water Treatment Industry, Leather Industry, Construction Industry, Paint Industry … At the maximum buyback price and the maximum buyback size, the indicative maximum number of equity shares bought back would be 11 lakh equity shares, comprising approximately 0.99% of the total paid-up equity share capital of the company, as of 31 March 2019. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. #investing #NSE #StockMarket -Fineotex Chemical has splits its face value from Rs. The consolidated sales of Fineotex Chemicals Limited (FCL) have increased from approx. We alsoproduce adhesives used in several industries like wood, paper etc. We, however, have a request. Fineotex Chemical has a ROE of 7.5372907536976 % . Buyback Daily Disclosure 23 rd December 2020; Buyback Daily Disclosure 22 nd December 2020; Buyback Daily Disclosure 21 st December 2020; Buyback Daily Disclosure 18 th December 2020; Buyback Daily Disclosure 17 th December 2020; Buyback Daily Disclosure 16 th December 2020; Buyback Daily Disclosure 15 th December 2020; Buyback Daily Disclosure 14 th December 2020 FINEOTEX® A Speciality Chemical Producing Public Listed Company "dep ey geek os of "BON Go.SE. NTOC is gaining by 8% today beacuse of the news of it's share buyback. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. Bo 2 Fy £9) ; 7 iSO 24003 35001 84 ago? We wish to mentionthe highlights of FINEOTEX group: MUTHOOTFIN -3.84%. Fineotex Chemical rose 3.62% to Rs 31.50 after the company on Monday (27 July) said its board approved a proposal to buyback shares worth up to Rs 4.40 crore at a price not exceeding Rs 40 per share. -Fineotex Chemical Limited came up with their first Buyback in 2017 - Fineotex has been awarded as the fastest growing company in chemical manufacturing sector by IPF at Bombay Stock Exchange. Two Crores and twenty lakhs only) ("Minimum Buyback Size"). Buyback; Events. The RSI oscillates between zero and 100. Fineotex Chemical rose 3.62% to Rs 31.50 after the company on Monday (27 July) said its board approved a proposal to buyback shares worth up to Rs … Fincotex Chemical Limited 1. Board of Directors has approved a share buyback of 11 lacs shares up to a maximum price of Rs40 through a market scheme in which promoters will not participate. BUY call given on #FCL (Fineotex Chemical Limited) on 30 Dec 2020 at 66.05 hit the target of 74 on 12 Feb 2021. Since the buyback offer is open till January 11, 2021, the share price could still see a lot of movement. The chemical manufacturer's consolidated net profit jumped 42.6% to Rs 8.20 crore on a 38.8% drop in net sales to Rs 30.39 crore in Q1 June 2020 over Q1 June 2019. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. The stock was trading above its 50-day moving average (DMA) placed at 27.82 and its 200-day moving average (DMA) placed at 25.79. FINEOTEX CHEMICAL LTD. - 533333 - Board to consider Buyback of Shares by BSE India. Though Sold 6 lakh shares in July 2016. 7.92 crores NET INCOME of Rs.27.67 crores during the period ended December 31, 2017 as compared to Rs.21.03 crores during the period ended December 31, 2016. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. Company announced buyback in 2016 to buyback its fully paid-up equity shares of face value of Rs.2/- each from the Open Market through electronic trading mechanism of the Exchange. On the technical front, the stock's RSI (relative strength index) stood at 59.024. The announcement was made before market hours today, 28 July 2020. Support quality journalism and subscribe to Business Standard. Fineotex Chemical Limited has informed the Exchange regarding daily report pursuant to Regulation 15(i) of the Buyback Regulations regarding the equity shares bought-back on December 17, 2020. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Fineotex Chemical has strong support or resistance at 27, 29, 31, 33, 35, 37, 40, 42, 45, 59, 62, 66, 70, 76 The current share price is 83.95. By clicking "Reject all" you reject all non-essential cookies and similar technologies, but Verizon Media will continue to use essential cookies and similar technologies. Chemical Fineotex Chemical profits rise amid low sales, approves buy-back of equity shares. Fineotex recently announced the buyback of the shares. Fineotex Chemical Limited (BSE: 533333, NSE: FCL) (ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified) is a multinational company headquartered in Mumbai, India. The buyback size represents 3 per cent of its paid equity capital.Fineotex Chemical is a Mumbai-based speciality chemical company. Fineotex Chemical rose 3.62% to Rs 31.50 after the company on Monday (27 July) said its board approved a proposal to buyback shares worth up to Rs 4.40 crore at a price not exceeding Rs 40 per share. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Fineotex over the years has built its … We have reviewed the accompanying statement of Unaudited Standalone rwancial results (the "Statement") of Fineotex Chemical Limited (the "Company") for the quarter ended June 30, 2020, attached herewith, being submitted by the Company pursuant to the requirements of FINEOTEX group is one of the leading manufacturers of Textile Chemicals & Auxiliariesfor construction, water-treatment, fertiliser, leather and paint industry. ₹79.91 cr in 2012 to ₹182.33 cr in 2019, absolute growth of 128% or a CAGR of 12.5% over seven years. Indian specialty chemical industry is likely to be a global manufacturing hub, a substitute to … Fineotex Chemical Limited - Buyback Fineotex Chemical Limited has informed the Exchange about Buyback Exhibitions; Technical Sales Meet; Press Release ; Order Samples ; Global Presence ; Career Opportunity; Contact Us; Sustainability; Menu Wipro shares were trading at ₹386 as of 12 pm on December 29, up by 0.92%. (higher is better) Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Sales decline 38.79% to Rs 30.39 crore. Fineotex Chemical is engaged in the business of manufacturing and trading of chemicals. Enjoy Reading! Business Standard is happy to inform you of the launch of "Business Standard Premium Services". (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. The company is also in midst of a buyback of the equity and this is the second such buyback in the last 3 years. What’s was the idea behind that ? Team Business Standard, Mahindra Lifespace Q4 net loss narrows to Rs 28 cr, US stocks drop as inflation fears prompt tech sell-off, Happiest Mind Q4 PAT falls 14% QoQ to Rs 36 cr, Apollo Tyres Q4 PAT soars 269% YoY to Rs 287 cr, Pidilite Ind reports 96% YoY jump in Q4 PAT, Asian Paints Q4 PAT gallops 81% to Rs 870 cr, Coronavirus: Construction, transport, chemical manufacturing likely to be worst-affected, says report, Fineotex Chemical consolidated net profit rises 41.30% in the June 2020 quarter, Fineotex Chemical standalone net profit rises 47.79% in the December 2019 quarter, Fineotex Chemical reports consolidated net loss of Rs 6.31 crore in the March 2020 quarter, ABB to provide critical automation and safety system for Deccan Fine Chemical's facility in Tuni, AP, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). FINEOTEX CHEMICAL LTD Reports jump in Q3 FY18 PAT at Rs. The Maximum Buyback Price would not exceed Rs.40. Digital Editor. Fineotex Chemical FCL share price targets . Its products include textile, agro, specialty and public health chemicals. Levels of 79.08, 74.81, 69.54, 63.46, 49.67 are share price targets for Fineotex Chemical FCL Click here for weekly and monthly share price targets . (Formerly India Infoline Limited) Quote . BHARTIARTL 3.81%. Markets Today Top Gainers TATAMOTORS 6.20%. The company has registered double-digit growth in almost all the years under analysis, with 29.2% YoY growth for 2018-2019. Kindly visit the Manage my subscription page to discover the benefits of this programme. Information about your account, device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. * Approved buyback of shares representing 4.78 percent of share capital Further company coverage: BRIEF-Fineotex Chemical approves buyback of shares | Reuters Discover Thomson Reuters The company was founded by Surendra Kumar Tibrewala on January 30, 2004 and is headquartered in Mumbai, India. ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Fineotex Chemical: The Darkhorse of the speciality chemical industry Author: Digpu News Desk November 23, 2020 4 min read With a vision to be a leader in speciality textile chemicals in domestic as well as in the International market, the Fineotex Chemical group was set up in 1979 by Mr Surendra Tibrewala. Top Losers TECHM -4.30%. Quote; News; Insurance; Mutual Funds; Commodities; NIFTY 7563.55 138.9 | SENSEX24870.69 401.12 (29-Jan-16 16:00) Fineotex is the only textile chemical company in India to be Listed on the Stock Exchange and well known celebrity Mr. Amitabh Bachchan was holding approx 5% stake in Fineotex since 2011.

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