Fineotex Chemical rises as its arm secures government approval for mosquito control solution
Fineotex Chemical is currently trading at Rs. 271.00, up by 5.25 points or 1.98% from its previous closing of Rs. 265.75 on the BSE.
The scrip opened at Rs. 260.05 and has touched a high and low of Rs. 278.10 and Rs. 260.05 respectively. So far 8055 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 458.00 on 19-Feb-2024 and a 52 week low of Rs. 260.05 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 298.85 and Rs. 260.05 respectively. The current market cap of the company is Rs. 3118.16 crore.
The promoters holding in the company stood at 62.86%, while Institutions and Non-Institutions held 6.97% and 30.17% respectively.
Fineotex Chemical’s (FCL) wholly owned subsidiary -- FSPL has secured approval from the Central Insecticide Board, Government of India for technical import and formulation of its revolutionary biotechnology-based mosquito control solution, AquaStrike Premium (formulation based on Azadirachtin). The company will work closely with government agencies, NGOs, and healthcare organizations to implement largescale mosquito control programs, contributing to a healthier and safer future for India.
The approval strengthens FCL’s commitment to public health and environmental sustainability in India. The product is non-toxic, eco-friendly, and highly efficient alternative to conventional mosquito control methods and also lead to water preservation. Its innovative formulation not only eradicates mosquito larvae but also preserves water quality, making it a cost-effective and sustainable alternative to chemical-based insecticides. Developed in Malaysia with European design engineering, the product Aquastrike Premium has undergone rigorous testing in WHO-approved laboratories and holds multiple international certifications.
Fineotex Chemical is engaged in the manufacturing of Specialty Chemicals and Enzymes for various industries.
