This Specialty Chemicals stock is included in the S&P BSE Smallcap index with a market cap of Rs. 3,487 crore. The stock price is at Rs. 314.90, versus Rs.313.10 at closing on Tuesday.
The stock is 22% away from its 52 week high, currently trading 2.4% away and 23% above its 20 day and 200 day moving averages respectively. The stock is seeing volumes that are over 0.2x the weekly average volumes. The stock is held 2.83% by ace investor Ashish Kacholia.
In a filing dated 4th october 2023, Fineotex Chemical Ltd (“Fineotex”) announced that it has received an accreditation by National Accreditation Board for Testing and Calibration Laboratories (NABL) for the laboratory situated at Sasmira Institute, Worli, Mumbai.
NABL is a leading Indian accreditation body that assesses and accredits laboratories, ensuring they meet international standards of quality and competence. NABL accreditation affirms that Fineotex Chemicals laboratory has undergone a comprehensive evaluation and has demonstrated its competence in conducting testing and calibration activities in accordance with globally accepted standards.
This will further enhance customer satisfaction and confidence. As the organization is internationally recognized, this opens doors for Fineotex Chemical’s laboratory to participate in global collaborations, provide services to international clients and access a broader market
“We are pleased to announce accreditation received for our laboratory from NABL. Fineotex Chemical has always been at the forefront of driving positive change in the industry by focusing on highest quality standards. This achievement is a testament of the hard work, dedication and commitment of our team to uphold the highest standards of precision and quality in our services.
It validates our competence, accuracy and adherence to international quality standards. With this accreditation, we affirm our commitment to delivering accurate and dependable results to our customers, ensuring the highest level of satisfaction.” said Ms. Aarti Jhunjhunwala, Executive Director, Fineotex Chemical.
Fineotex, established in 1979, is a renowned producer of specialty chemicals and a provider of solutions, holding a dominant position in the market for these chemicals both domestically and internationally.
The company manufactures over 475 products that are exported to over 69 countries and has successfully diversified into the home care, hygiene, and drilling specialty chemicals sectors.
The company has manufacturing facilities with a combined capacity of 104,000 MT in Mumbai, Ambernath, and Selagnor, Malaysia. The company’s Malaysian subsidiary, Biotex Malaysia, is responsible for all of the R&D initiatives and new product development in general.
Written by Sandeep R
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