India's Fineotex Chemical rises on potential acquisition

Fineotex Chemical

13/05/2024 09:06

** Shares of Fineotex Chemical  FINE.NS  rise as much as
6.1% to 366.7 rupees on a potential acquisition
    ** Stock last up 5.4%
    ** The textile chemical manufacturer said it is engaged in
advanced discussions for a potential acquisition of a speciality
chemical manufacturing co
    ** Stock set for best one-day rise since March 22
    ** Trading vol is 1.2x the 30-day daily avg, above 450,000
for the first time in nearly a month
    ** Stock rose 43% in 2023, gaining for four consecutive
years
    ** FINE gained ~1% YTD




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))