Finolex Cables Ltd Share Price (FINCABLES)

Finolex Cables Aims for 10-12% Growth in Auto Cables Business - 11 Apr, 2024

Finolex Cables plans to triple its auto cable capacity at its Uttarakhand plant and expand its E Beam facility in Pune to enhance EV cables. The company has ramped up cabling capacity in Goa, with a new PVC compound plant to support this expansion. Total capital expenditure for these growth initiatives is estimated at Rs 500 crore over the next two to three years.

Finolex Cables Launches Eco-Safe Wires Under FinoGreen Brand - 10 Apr, 2024

Finolex Cables has launched a range of eco-safe wires under the FinoGreen brand, accounting for around 5% of its wires business. The halogen-free and flame-retardant industrial cables are designed to mitigate safety risks in electrical installations and reduce smoke emissions. The company expects immediate adoption by premium builders for both residential and commercial projects.

Finolex Cables Stock Gains 4% on Positive Brokerage Calls - 19 Mar, 2024

Shares of Finolex Cables rose 4% to reach an intra-day high of Rs. 909.05 on the BSE following a buy recommendation from domestic brokerage firm Geojit Financial Services, which sees a 21% return on the stock in 12 months at a target price of Rs. 1,019.

Geojit Recommends 'Buy' Rating for Finolex Cables Ltd. - 18 Mar, 2024

Finolex Cables Ltd. receives a 'Buy' rating from Geojit with a target price of Rs. 1019. The company's revenue grew by 11% YoY, led by wires segment and EBITDA margins improved to 11.7%. Higher government capex will drive power cable demand while the optic fibre tender in Q4FY24 will spur communication cable growth in FY25. With healthy earnings outlook and strong cash flows, Geojit maintains a positive stance on FCL.

Finolex Cables Ltd registers 3.84 fold spurt in volume - 15 Mar, 2024

Finolex Cables Ltd registered a volume of 9.24 lakh shares, which is a 3.84 fold spurt over the two-week average daily volume of 2.41 lakh shares. The stock rose by 2.57% to Rs.860.35.