Fineotex Chemical Shares Crash After Turning Ex-Record for 1:2 Stock Split and 4:1 Bonus Issue | Indian Stock Market Update

Market Performance

The Indian stock market opened with heightened activity today, and Fineotex Chemical was one of the most discussed names on the screen. The stock had been active through the week, but the real shift came when it moved into ex-record territory for its 1:2 stock split and 4:1 bonus issue.

Once the stock turned ex-date, the price saw a sharp adjustment. The reaction was immediate—Fineotex Chemical shares witnessed a major swing, a pattern often seen when companies undergo both a stock split and a bonus issue on the same record cycle.

Main News: Fineotex Chemical Turns Ex-Record

Fineotex Chemical had earlier fixed October 31 as the record date for both the stock split and bonus issue.

Under the T+1 settlement system, investors needed to buy shares on or before October 30 to qualify for the corporate action benefits.

With the stock now trading ex-record, the price automatically adjusted, triggering a sharp intraday move in the Fineotex Chemical share price.

Corporate Action Breakdown

The company finalised two actions:

• Stock Split (1:2)
  Face value ₹2 → split into two equity shares of face value ₹1 each
• Bonus Issue (4:1)
  Four additional shares of ₹1 each for every one share held

To understand how this reshapes total holdings, here’s the exact calculation based on the reference example.

How Many Shares Will an Investor Hold?

Assume an investor held 50 shares before the record date.

1. Stock Split (1:2)

• 50 shares → 100 shares
• Face value becomes ₹1 each

2. Bonus Issue (4:1)

• On 100 shares, investor receives 400 bonus shares
• Final count = 100 + 400 = 500 shares

So, while the number of shares increases significantly, the overall value remains unchanged due to price adjustments after the split and bonus.

Fineotex Chemical Share Price Trend

The stock reacted sharply once it went ex-record.

Fineotex Chemical hit the day’s high of ₹29.80, gaining 20% from its previous close of ₹24.85.

Here’s how the stock has moved over different time frames:

• 6-month performance: +35%
• YTD performance: –13%
• 1-year performance: –20%

These numbers show the stock’s mix of volatility and price compression through the year, even as it delivered strong short-term movements in recent months.

Company Details

Fineotex Chemical operates in the speciality chemicals segment and has remained in focus due to its steady corporate action activity. The combination of a 1:2 stock split and 4:1 bonus issue is aimed at increasing liquidity and making the share price more accessible to investors.

Corporate actions like these often influence short-term market sentiment, especially on the day stocks turn ex-date, which explains the sharp fluctuation in Fineotex Chemical stock price during the session.

Summary

Fineotex Chemical witnessed one of its most active sessions as it turned ex-record for its stock split and bonus issue.

The combination of a 1:2 split and 4:1 bonus brought a clear shift in share count and price levels.

While the number of shares multiplies, the value stays the same due to proportional price adjustments.

With notable movement across the last 6 months and sharp intraday reactions, Fineotex Chemical remains a stock closely tracked in the Indian stock market and widely discussed in the stock market today space.