Fineotex Chemicals rose almost 20% today morning to hit a new high at Rs.64.80, just a tad away from its 20% UC of the day at Rs.64.90.

The stock rose after Nippon India Small Cap Fund bought shares of the company in a bulk deal.

It bought over 66 lakh shares at an average price of Rs.45.25/share.

Nippon India Small Cap Fund bought 66,08,595 shares of the company at an average price of Rs 45.25 per share in a bulk deal.

With this deal the fund has acquired a 6% stake in the company.

Tejas Tradefin LLP, also, has purchased 7,00,100 shares of the company at Rs47.28 per share on BSE.