New Delhi, March 31 -- Fineotex Chemical, a specialty chemicals manufacturer backed by ace investor Ashish Kacholia, has been in the spotlight following multiple stake purchases by its promoters. Despite the buying activity, the smallcap stock has witnessed a steep decline of 38 percent over the past year, although it remains a multibagger over the last five years.

In a recent regulatory filing, Fineotex Chemical disclosed that one of its promoters, Aarti Mitesh Jhunjhunwala, acquired 4,000 equity shares through open market transactions on March 28, 2025. The purchase, worth Rs.9.52 lakh, increased Jhunjhunwala's holding from 81,050 shares to 85,050 shares. However, her overall stake in the company remained marginal at 0.07 percent.

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