Archive · 5 Dec 2025
Fineotex Chemical Acquires US Firm, Stock Jumps
Fineotex Chemical, a company that makes special chemicals, bought another company called CrudeChem Technologies Group in the United States.
This is a big deal because it helps Fineotex grow bigger and make better chemicals for oil and gas companies.
The stock price of Fineotex went up by 8% because of this news.
Ashish Kacholia, a big investor, owns some shares in Fineotex.
Some experts think the stock might go up more, but others say it could go down if it doesn't get more support.
The stock closed at ₹25.46, which is higher than before.
Fineotex Chemical acquired CrudeChem Technologies Group in the US, boosting its global presence.
The acquisition aims to enhance Fineotex's technological capabilities in the oil and gas industry.
Fineotex Chemical's stock price jumped by 8% following the announcement.
Ashish Kacholia holds a 2.62% stake in Fineotex Chemical.
Analysts have mixed views on the stock's future, with some seeing potential for further gains and others warning of a possible downturn.
- Who
- Fineotex Chemical and CrudeChem Technologies Group
- What
- Fineotex Chemical acquired CrudeChem Technologies Group
- When
- During Friday's trading session
- Where
- United States
- Why
- To expand global growth and technological capabilities in the oil and gas industry
- Acquired Company
- CrudeChem Technologies Group
- Acquisition Location
- United States
- Fineotex Stake
- Controlling stake
- Ashish Kacholia's Stake
- 2.62%
- Stock Price Change
- 6.17% higher at ₹25.46
- Intraday High
- ₹25.90
- Intraday Low
- ₹24.00
- Support Zone
- ₹24–23
- Resistance Zone
- ₹28–29
- Next Support
- ₹19.1