A promoter has increased their stake in Fineotex Chemical which is engaged in the manufacturing of specialty chemicals. The counter will be in focus when the market opens next as the promoter of the company has bought a total of 4000 shares via the open market. According to the information available on the BSE Aarti Mitesh Jhunjhunwala has purchased 4000 equity shares via the open market. With this Jhunjhunwala’s shareholding has increased to 85050 shares from 81050 shares. Before this Sanjay Tibrewala CFO and executive director of Fineotex Chemical bought 20000 equity shares in March. Earlier he purchased 40000 shares in the same month. The stock closed at Rs 229.75 in the last tradin session. This is a loss of 3.77 per cent from the previous close of Rs 238.75 on the BSE. In the last trading session the counter hit an intraday high of Rs 243.40 and an intraday low of Rs 229. The 52-week high of the scrip is Rs 438.60 and the 52-week low is Rs 215.10. Fineotex Chemical Share Price History The stock has given a multibagger return of 1431 per cent in 5 years and 42 per cent in three years. It has corrected 33 per cent so far this year. The counter has given a negative return of 37 per cent in one year. Earlier Fineotex Chemical raised Rs 342.55 crore through the issue of equity shares and warrants on a preferential basis. In a regulatory filing the company announced the closure of fund raising of Rs 342.55 crore through a preferential allotment of equity shares and convertible warrants. This preferential allotment aligns with the initial tranche of our fund raised on May 22 2024 amounting to Rs 124.4 crore. The cumulative funds raised from both tranches now total Rs 342.6 crore Sanjay Tibrewala CFO and Executive Director at Fineotex Chemical said. The capital raised will be invested strategically to support both organic and inorganic growth opportunities reinforcing our commitment to enhancing shareholder value and advancing operational excellence he said. With PTI inputs