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#FCL #FINEOTEX
Sometimes near the W pattern stock nervous. last 3/4 days it unable to cross 194 . range bound - 181-194.

next neck - 221 -- Image
Image
If not survive then Image
Read 4 tweets
A stock which matches almost all parameters of a potential multi-bagger - Fineotex Chemical Limited (FCL)

#FCL #Fineotex #FineotexChemical 1/
2/

Business: Textile Chemical manufacturing. Leadership position

CMP: 113
52W High / Low: 146 / 41
PE Ratio: 32
PB Ratio: 6.4

Closest Listed Competitor:
Rossari Biotech. Trading at PE of 82. Looks to expand capacity to 2x in next 3 years. Forward 3 year PE is still 41 (82/2)
3/

Well, what about expansion plans of FCL?

Just expanded Consol capacity from 43,000MT to 79,000MT with commencement of Ambernath capacity w.e.f. 9th November, 2021

1 year Fwd PE ~17

Company has passed a BR to raise 200 Cr. Adding the Ambernath capacity costed ~INR 27 Cr
Read 12 tweets

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