Tag: chemicals

Shares of Fineotex Chemical rallied more than 9% on the BSE to hit a record high of ₹409.45 apiece on the BSE in Friday's trading session, backed by a strong business outlook. The specialty chemical stock has been in an upward moment over the past few sessions. In the past month, the stock has soared 57 percent after the company reported a strong set of numbers for the quarter that ended June 2022 (Q1FY23). In comparison, the S&P BSE Sensex was up 1.7 percent during the period. Further, in the past three months, the stock has zoomed 156 percent, against a 14 percent gain in the benchmark index.In a clarification sought by the stock exchanges for the significant movement in the stock price, the company in a regulatory filing last week said that “we would like to inform you that, at present the Board of the company has not taken any decision which has an impact on the movement in price. Further, the company has declared its yearly and quarterly positive results in the month of April Read more

Shares of Ami Organics gained 20 percent and hit a fresh high of Rs 1,121 on the BSE in intra-day trade on Wednesday after the specialty chemicals company made a strong market debut on Tuesday, listing at a premium of 49 percent. With today’s rally, the stock has now gained a solid 84 percent against in just two trading sessions from its issue price of Rs 610 per share. The initial public offering of Ami Organics was subscribed 64.54 times. Analysts say that a strong listing coupled with extreme positive sentiment in small and midcap stocks has led to strong buying in Ami Organics. Ami Organics is focused on manufacturing advanced pharma intermediates (PI) for regulated/generic APIs and New Chemical Entities (NCE) and key starting materials for agrochemical and fine chemicals. The company has three manufacturing facilities situated in Gujarat with an aggregate installed capacity of 6060 Mtpa. Read more