The company has committed to subscribe to 10,000 equity shares at a par value of Rs 10 per share.
The chemicals sector is going through a cyclical slowdown where a large part of the near-term headwinds is already priced in
About 1,722 shares advanced, 1,657 shares declined, and 129 shares were unchanged on February 15
Motilal Oswal recommended Neutral rating on Fine Organics with a target price of Rs 5650 in its research report dated February 09, 2023.
Valuations for the sector are, by and large, not expensive but not cheap either. In some cases, it is close to the long-term averages and should be evaluated case by case.