Ashish Kacholia portfolio: Multibagger stock Fineotex Chemical to declare fundraise. Rallies 1000% in 5 years

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13.02.2024 - 07:15

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Ashish Kacholia portfolio: Fineotex Chemical shares are one of the multibagger stocks that the Indian stock market has produced in the last few years. This Ashish Kacholia-backed chemical stock has risen from around ₹33.75 to ₹400 apiece level on the NSE, delivering over 1,000 percent return to its positional investors in this time.

This Ashish Kacholia portfolio stock has been in a bull trend for the last four straight sessions. However, the multibagger stock touched a lifetime high on Monday after the chemical company informed the Indian stock market exchanges about the board meeting to consider and approve fundraising through the issuance of fresh shares.

However, after touching a new high, profit booking was triggered and the stock ended at ₹391.30 per share on Monday. Also Read: Why Bank stocks are rising ahead of US CPI data release — explained Fineotex Chemical share price today once again opened upside and touched an intraday high of ₹400 apiece on NSE, logging around a 2 percent intraday rise.

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