This Ashish Kacholia-owned chemical stock has zoomed 100% in two months

The company is witnessing rise in demand from end-user industries such as food processing, personal care and home care in the specialty chemicals market.

Shares of Fineotex Chemicals continued their northbound movement and hit a new high at Rs 409.45 on the BSE as stock surged 9 per cent in Tuesday’s intra-day trade backed by strong business outlook. In the past two months, the share price of the specialty chemicals company has doubled from a level of Rs 202.95 on July 14.

In the past one month, the stock has soared 57 per cent after the company reported a strong set of numbers for the quarter ended June 2022 (Q1FY23). In comparison, the S&P BSE Sensex was up 1.7 per cent during the