Multibagger Stock: Chemical stock included in Ashish Kacholia’s portfolio has doubled money in a year

Highlights

Ashish Kacholia has increased his stake in this multibagger stock in the first quarter of the financial year 2022-23.
So far in the year 2022, the stock of Finotex has jumped about 49 percent.
For the past five years, this stock has been giving multibagger returns to the investors.

New Delhi. Multibagger Stock: Even though there has been a slowdown in the stock market so far in the year 2022, it is not that all the investors have suffered losses from the stock market during this period. Even in this period of volatility, there are some such stocks in the stock market which are continuously giving profits to the customers and they have not been affected much by the market fall. The stock of Fineotex Chemical Ltd., a special chemicals maker, is also a multibagger stock that has been giving good returns to investors for a long time.

The stock of Finotex, which is included in the portfolio of veteran investor Ashish Kacholia, has given a return of about 116 percent in the last one year. Fineotex Company manufactures specialty chemicals and enzymes for the textile and garment industry. The current market capitalization of the company is Rs 2.29 lakh crore.

Giving Multibagger Returns
The stock of Fineotex has been giving huge profits to investors for a long time. Today i.e. on Friday, July 15, this stock is trading at Rs 201.60 (Fineotex Chemical Share Price) at 11 o’clock with a gain of about 1 percent. The stock has gained 7.84 per cent in five trading sessions. In one month, this multibagger stock has given 22.11 percent profit to its investors. Similarly, this stock has jumped 27.35 percent in the last six months.

So far in the year 2022, this stock has climbed 48.96 percent. On the other hand, if we talk about one year, then during this period there has been a jump of Rs 115.91 in this stock. A year ago on July 15, 2021, the price of this share was Rs 94.90, which has now increased to Rs 201.60. In the long term also, this stock has given good returns to the investors. The stock of Fineotex has gained 516 per cent in the last five years.

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Ashish Kacholia increased his stake
The stock of Fineotex Chemical is also included in the portfolio of veteran investor Ashish Kacholia. Kacholia has also increased its stake in this multibagger stock in the first quarter of the financial year 2023. As per the company’s shareholding pattern for the June quarter, Kacholia holds 21,42,534 shares or 1.93 per cent of the total paid-up capital of the company. In the March quarter, Kacholia held 20,42,534 shares or 1.84 per cent stake in the company.

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