Fineotex Chemical shares recover from 10% lower circuit after US manufacturing capacity update

Fineotex Chemical shares recovered from their 10% lower circuit level during the afternoon trading session on Monday, June 8, after the company announced a 150 million pounds per annum expansion in manufacturing capacity of its Texas facility, according to an exchange filing.

Earlier during the trading session, Fineotex Chemical shares hit their lower circuit, dropping to an intraday low of ₹36.66 on Monday, resulting in a trading pause on NSE.

After the trading pause, the stock recovered 8% intraday to ₹39.59, although being under the previous market close levels on June 8.

As per the NSE filing, Fineotex Chemical will expand its US-based subsidiary, CrudeChem Technology LLC’s manufacturing capacity in an effort to strengthen the company’s position as a speciality chemical solutions provider for the oilfield and the energy sectors.

“This strategic expansion will increase the facility's total manufacturing capacity from 200 million pounds per year to 350 million pounds per year, substantially enhancing the company's ability to meet the growing demand for speciality chemicals across domestic and international markets,” the company informed the stock exchanges.

How have Fineotex Chemical shares performed?

Fineotex Chemical shares have delivered more than 328% returns on their investment in the last five years, over 25% gains in the last three years, and more than 52% returns in the past one year period, according to NSE data.

So far in 2026, the company’s shares have gained 58%, and have risen 37% in the last one month period, as per the exchange data. However, Fineotex shares have lost more than 5% in the last five trading sessions on the Indian stock market.

Shares of Fineotex surged to hit a 52-week high of ₹44.44 on June 3, 2026, while the 52-week low was at ₹19.10 on March 30, 2026, according to the exchange data. The company’s market capitalisation (m-cap) was at ₹4,426 crore as of the trading session on Monday, June 8.