{"id":111577,"date":"2023-10-11T11:54:36","date_gmt":"2023-10-11T06:24:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111577"},"modified":"2023-10-11T11:54:41","modified_gmt":"2023-10-11T06:24:41","slug":"smallcap-stock-in-green-after-company-ventures-into-specialty-chemicals-business","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-in-green-after-company-ventures-into-specialty-chemicals-business\/","title":{"rendered":"Smallcap stock in green after company ventures into Specialty Chemicals Business"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3045461113\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE Smallcap Stock announced incorporation of a new wholly owned subsidiary to venture into Specialty Chemicals Business. The company has a market cap of Rs. 15,014 crore and is 33% away from its 52 week high, trading at Rs. 4897.20 versus Rs. 4839.40 at previous close. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2655386614\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock is seeing volumes that are over 0.2x the monthly average. The company\u2019s shareholding has 12% DII holding with the key ones being Axis Group &amp; SBI group.\u00a0<\/p><p>In a filing dated 10th October 2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/FINEORG\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Fine Organic Industries Ltd<\/a><\/strong> (\u201cFine Organic\u201d) stated that the Company has incorporated a wholly owned subsidiary company named \u2018Fine Organic Industries (SEZ) Private Limited\u2019 in India. <\/p><p>The company added that the new Wholly Owned Subsidiary is incorporated in India for the purpose of carrying on the business of manufacturing Specialty Chemical products. The Company has committed to subscribe to 10,000 equity shares at a par value of Rs.10\/- per share.<\/p><div class=\"trade-content_5\" id=\"trade-2989586493\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Right now, a wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings, and other specialty applications in various industries are produced, processed, supplied, distributed, traded, imported, and exported by Fine Organic Industries both inside and outside of India. <\/p><p>In India, Fine Organic is the biggest producer of specialty additives based on oleochemicals. It ranks among the top global players in specialty food emulsifiers and among the six biggest global players in polymer additives.<\/p><p>In FY23, the company\u2019s revenue grew 61% YoY and Net Profits saw growth of 138%. Further, Net Margins expanded 650 bps during the same period. <\/p><p>The company has stable shareholding with 75% promoter holding, 12% DII holding, 3% FII holding and the rest being held by the public. The company has no short interest and the promoters do not have any pledges for the last 4 quarters.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-909765583\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE Smallcap Stock announced incorporation of a new wholly owned subsidiary to venture into Specialty Chemicals Business. The company has a market cap of Rs. 15,014 crore and is 33% away from its 52 week high, trading at Rs. 4897.20 versus Rs. 4839.40 at previous close. The stock is seeing volumes that are [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":109439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10853,10852,948,936,10854],"class_list":["post-111577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-fine-organic-industries-latest-news","tag-fine-organic-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-fine-organic-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock in green after company ventures into Specialty Chemicals Business - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE Smallcap Stock announced incorporation of a new wholly owned subsidiary to venture into Specialty Chemicals Business. The company has a market cap of Rs. 15,014 crore and is 33% away from its 52 week high, trading at Rs. 4897.20 versus Rs. 4839.40 at previous close.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-in-green-after-company-ventures-into-specialty-chemicals-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock in green after company ventures into Specialty Chemicals Business\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE Smallcap Stock announced incorporation of a new wholly owned subsidiary to venture into Specialty Chemicals Business. 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