Ashish Kacholia's Finotex Chemical Stock: Why Investors Are Watching Monday
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News18•18-01-2026, 18:57
Ashish Kacholia's Finotex Chemical Stock: Why Investors Are Watching Monday
- •Finotex Chemical Limited allotted 50 lakh new equity shares via warrant conversion, increasing paid-up capital to Rs 116.45 crore.
- •Veteran investor Ashish Kacholia holds a 2.59% stake (over three crore shares) in Finotex Chemical, making corporate actions highly scrutinized.
- •The new share allotment, while providing funds, introduces dilution for existing shareholders, potentially causing short-term share price pressure.
- •Finotex Chemical, a specialty chemical manufacturer, serves textile, construction, paper, and personal care sectors, with strong export focus.
- •The stock closed at Rs 22.93 with a market cap of Rs 2627 crore; long-term returns are strong, but recent dilution may cause volatility.
Why It Matters: Finotex Chemical's new share allotment and Ashish Kacholia's stake make it a key stock to watch for volatility.
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