Multibagger alert: Do you own this chemical company stock that surged 170 per cent in just one year?
This multi-bagger stock has a special place in ace investor Ashish Kacholia’s portfolio and soared 113 per cent in just six months. It also generated returns of 170 per cent in one year!
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.
HG AMIC is a substance that can be used in manufacturing operations to combat germs that cause odours and stains. In the course of production, it is absorbed into raw materials to create finished goods. It prevents the formation of bacteria, fungi, mould, algae, and mildew that result in offensive odours, colour changes, stains, degradation, as well as corrosion.
With this EPA approval, the timing is right to react to innumerable market requests by opening doors to the US market for premium HG AMIC, which possesses a sterling safety record and has been successfully commercialised throughout the world for more than 25 years. HealthGuard AMIC EPA licence, which boasts of over 70 approved site applications, permits the export of treated goods to the US.
Following this news, the shares of Fineotex Chemical rallied almost 5 per cent on the bourses despite the market sentiments on September 27, 2022.
This multibagger stock has a special place in ace investor Ashish Kacholia’s portfolio and soared 113 per cent in just six months. It also generated returns of 170 per cent in one year!
The shares of Fineotex Chemical are trading lower by 1.56 per cent at Rs 338 a piece on BSE today.
Watch out for this multibagger stock in the upcoming trading sessions!