The company announced a Rs 1200 per share buyback offer.

Amid a situation wherein, the investors were cautious and the markets remained choppy, the benchmark indices ended on a negative note with Nifty slipping below the 16,900 level on Wednesday. 

In last six months, the stock has zoomed 159 per cent, while in the last one month the rally has been of 30 per cent wherein the stock has logged a fresh all-time high of Rs 952.10 on September 19. .

On Wednesday, Indian equity markets closed on a weak note with losses.

After a choppy session, Sensex ended in the red territory at 56,598.2 down by 0.90 per cent.

Fineotex Chemical has announced that HealthGuard's market-leading, non-heavy metal base anti-microbial treatment, HealthGuard AMIC, has been approved by the US Environmental Protection Agency (EPA). In order to become the sole global marketing & sales channel partner with joint operations out of Malaysia, Fineotex Chemical Limited and HealthGuard® Australia formed a joint venture last year. 

Indices saw a sharp sell-off in the last hour of the trading session as Nifty closed at the day’s low. Nifty plunged 0.87 per cent while Sensex dipped over 500 points.

The benchmark indices traded with sizeable cuts on September 28, 2022.

At noon on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 are seen recovering losses after opening on the lower side, owing to a major sell-off amidst recession fears.  

The Sensex is trading with significant losses as of 11:08 a.m.