₹15 to ₹375: Ashish Kacholia-owned multibagger chemical stock Fineotex Chemical rises 2400% in four years

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Multibagger stock: Fineotex Chemical's share price has been on an uptrend for more than a year. In the last 14 months, this Ashish Kacholia-owned chemical stock has risen from around ₹220 to ₹375 apiece, recording over a 70 percent rise. However, this is not the end of the story.

This Ashish Kacholia portfolio stock has a history of delivering whopping returns to its shareholders. The multibagger chemical stock has risen from 38 to the ₹375 per share mark, registering a nearly 900 percent rise in this time horizon. So, money is not in buying and selling stocks but in waiting, and Fineotex Chemical shares are glaring examples of how a long-term investor can earn from the stock market.After ushering in 2024, the multibagger stock has remained in base-building mode.

In the last month, this Ashish Kacholia portfolio stock has remained flat, whereas, in the previous six months, it has delivered around a 5 per cent return to its shareholders. In YTD time, this multibagger stock has risen to the tune of 2 percent. However, in one year, Fineotex Chemical share price has appreciated from ₹303 to ₹375 per share mark, recording around a 25 percent rise in this period.

In five years, Fineotex Chemical share price has ascended from nearly ₹38 to ₹375 per share mark, logging around 900 percent rise. In the post-COVID rally, this Ashish Kacholia-owned multibagger stock has ascended from ₹15 to ₹375 per share, logging around a 2400 percent rally in this time horizon.During the January to March 2024 quarter, Ashish Kacholia maintained his stake in Fineotex Chemical Ltd., owning 31,35,568 company shares, which accounts for 2.83 percent of the company's total paid-up capital. This is consistent with his shareholding pattern in the October