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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 --
#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 --
If not survive then
A stock which matches almost all parameters of a potential multi-bagger - Fineotex Chemical Limited (FCL)
#FCL #Fineotex #FineotexChemical 1/
#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)
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
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
