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Finolex Cables surges on reporting 38% rise in Q1 net profit

11 Aug 2015

Finolex Cables is currently trading at Rs. 266.90, up by 3.60 points or 1.37% from its previous closing of Rs. 263.30 on the BSE.

The scrip opened at Rs. 268.70 and has touched a high and low of Rs. 274.80 and Rs. 266.00 respectively. So far 22872 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 306.40 on 13-Mar-2015 and a 52 week low of Rs. 188.00 on 11-Aug-2014.

Last one week high and low of the scrip stood at Rs. 274.80 and Rs. 253.00 respectively. The current market cap of the company is Rs. 4026.89 crore.

The promoters holding in the company stood at 35.86% while Institutions and Non-Institutions held 22.46% and 37.73% respectively.

Finolex Cables has reported 38.47% rise in its net profit at Rs 48.02 crore for the quarter ended June 30, 2015 as compared to Rs 34.68 crore for the same quarter in the previous year. The company’s total income has increased by 2.99% to Rs 596.84 crore for the quarter under review from Rs 579.54 crore for the corresponding quarter of the previous year.

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.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323