Ashish Kacholia portfolio: Fineotex Chemical shares have been in an additional trend over the last week. However, it seems that the chemical stock still has some additional potential. In early morning deals on Thursday, Fineotex Chemical’s share price opened higher and continued to touch an intraday high of ₹421.30 apiece on NSE, which turned out to be a new lifetime high for this chemical stock supported by Ashish Kacholia.
On Wednesday, this portfolio of Ashish Kacholia declared robust Q3 numbers for the current financial year. In Q3FY24, Fineotex Chemical Ltd reported a 26.75 percent year-on-year increase in operating income from ₹1,092.3 crore to ₹ ₹1,384.5 crores. The company’s Operating EBITDA for the quarter increased to ₹403.5 crores of ₹285.5 crore ie, a growth of 41.34 percent. Fineotex Chemical Ltd reported that PAT (Profit After Tax) for the quarter ended increased to ₹329.25 crores of ₹224.75 crore ie, a growth of 46.49 percent.
Fineotex Chemical Dividend 2024
The chemical company’s board of directors also declared a 60 percent interim dividend on Wednesday while considering the unaudited financial results for the third quarter of the current fiscal year.
Read also: Vibhor Steel Tubes IPO: GMP jumps on strong subscription status. To apply or not?
Ashish Kacholia-backed dividend stock informed Indian stock market exchanges about the interim dividend saying, “As per Regulation 30 read with Schedule III and 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors held on 14 February 2024, which started at 16.30 and ended at 18.40, among other things declared a Provisional Dividend of 60% ie; ₹1.20/- per equity share (face value ₹2 each) aggregating to ₹13.29 Crores. The record date will be February 26, 2024 and the dividend will be paid on or before March 12, 2024.”
Read also: Juniper Hotels IPO: Price band set at ₹342-360 per share; check details
Ashish Kacholia’s shareholding in Fineotex chemical
According to Fineotex Chemical Ltd’s stock chart for the quarter from October to December 2023, the ace investor owns 31,35,568 shares of the company, which is 2.83 percent of the company’s total paid-up capital. In the quarter from July to September 2023, Ashish Kacholia held the same 31,35,568 shares of Fineotex Chemical. This means that the ace investor remained constant in this chemical stock during Q3FY24.
Unlock a world of Perks! From insightful newsletters to real-time stock tracking, breaking news and a personalized news feed – it’s all here, just a click away! Login Now!
Catch all Business News, Market News, Breaking News and Latest News Updates on Live Mint. Check out all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More or less
Published: 15 Feb 2024, 10:17 IST
(tagsTo Translate)Ashish Kacholia portfolio