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Finolex Cables in demand on plan of investing Rs 80 crore in manufacturing units

02 Feb 2012 Evaluate

Finolex Cables is currently trading at Rs. 34.05, up by 0.85 points or 2.56% from its previous closing of Rs. 33.20 on the BSE.

The scrip opened at Rs. 34.60 and has touched a high and low of Rs. 34.60 and Rs. 33.25 respectively. So far 30537 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.20 on 15-Apr-2011 and a 52 week low of Rs. 21.00 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 34.80 and Rs. 32.10 respectively. The current market cap of the company is Rs. 522.29 crore.

The promoters holding in the company stood at 35.65% while Institutions and Non-Institutions held 12.83% and 47.53% respectively.  

Finolex Cables has received an approval for investment of about Rs 80 crore towards increase/rebalancing of capacities for manufacture of various wire and cable products at its manufacturing units at Roorkee and Urse to be done by the company over the next two financial years. The board at its meeting held on February 01, 2012 has approved for the same.

Finolex Cables is part of the diversified Finolex Group. The company manufactures wide range of  cables such as PVC insulated electrical cables, Flameguard - FRLS cables, auto and battery cables, PVC winding wires, jelly-filled telephone cables, LAN cables, switchboard cables. It is India's largest and leading manufacturer of electrical and telecommunication cables.

Finolex Cables Share Price

943.60 30.00 (3.28%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Polycab India 8184.95
KEI Industries 4841.10
RR Kabel Ltd. 1475.45
Finolex Cables 943.60
Precision Wire India 377.20
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