Short term swing trade (A): Chemical stock | Indian stock trading signal on 24 Feb 2026

NOTE

Closing Price: ₹4,648 (as of Feb 23, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Fine Organic Industries Limited is an Indian manufacturer of oleochemical-based specialty additives used across industries such as food, plastics, coatings, personal care, and animal feed. Its products include food emulsifiers, polymer additives like anti-fog and anti-static agents, feed ingredients, and specialty coating solutions. Founded in 1970 and headquartered in Mumbai, the company supplies both domestic and international markets.

Website: https://www.fineorganics.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Revenue grew a little compared to last year, but fell compared to last quarter, so growth is there but momentum has slowed.
Profit margins came under pressure because raw material costs went up and some staff‑related expenses increased, so a smaller share of sales turned into profit.
Net profit fell sharply versus last quarter and also declined versus last year, meaning earnings did not keep pace with revenue.
Exports still contributed a bit more than half of total revenue, and demand from both export and domestic markets remained broadly stable.
Management highlighted that near‑term profitability is impacted by cost pressures and a one‑time employee‑related provision, but they remain focused on global expansion and new plants/JVs to drive long‑term growth.

Financial Highlights

Metric	Q3 FY26	Q2 FY26	Q3 FY25	QoQ change (Q3 vs Q2)	YoY change (Q3 vs Q3)
Revenue from operations	554.8	597.3	516.8	-7.10%	7.30%
Total income	575.9	618.4	542.3	-6.90%	6.20%
EBITDA	94.4	~135.3*	102.7	~-30%*	-8.20%
EBITDA margin (%)	17	22.6	19.9	-560 bps	-290 bps
Profit before tax (PBT)	101.3	143.1	114.6	-29.20%	-11.70%
Profit after tax (PAT)	73.9	108.6	82.7	-31.90%	-10.60%
PAT margin (%)	13.3	18.2	~15.6*	-484 bps	~-230 bps*
EPS (₹, basic/diluted)	24.1	35.4	27	-31.90%	-10.60%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

After breaking out of the descending parallel channel, the stock consolidated briefly and is now positioned for a potential upward move.

Confident short term traders in India prefer setups where momentum is clear and hesitation is minimal.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	61.8	Neutral
CCI-14	80.62	Neutral
MFI	51.47	Neutral
ROC	3.69	Positive
Stochastic %K	63.26	Neutral
William %R	-9.94	Overbought

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	4546	Above
10 EMA	4505	Above
20 EMA	4441	Above
50 EMA	4366	Above
100 EMA	4425	Above
200 EMA	4530	Above

Conclusion

Fine Organic Industries Stock Price Forecast

Based on our Expert share market tips, the Fine Organic Industries price target will be INR 4850 - INR 4900 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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