ChemicalsAfter close
Chemical stock drops 11% after DII sells shares
after close1 source ↓written by the desknot a recommendation
- after Domestic Institutional
- 11%
- worth
- 29.59 lakh shares
- worth
- ₹9.82 crore
- Ltd closed
- ₹28.99
- intraday low
- ₹28.43
A specialty chemical stock fell 11% after Domestic Institutional Investor Nippon Mutual Fund sold 29.59 lakh shares worth ₹9.82 crore. The shares of Fineotex Chemical Ltd closed at ₹28.99, hitting an intraday low of ₹28.43. This sell-off may impact market sentiment around the stock.
• Revenue from operations declined 3.5% YoY to ₹137 crore in Q1 FY26.
• The stock trades at a PE of 32, close to its median of 33.4.
Not investment advice. For informational purposes only.