Finolex Industries trades jubilantly on turning black in Q3

15 Feb 2016 Evaluate

Finolex Industries is currently trading at Rs. 301.50, up by 17.10 points or 6.01% from its previous closing of Rs. 284.40 on the BSE.

The scrip opened at Rs. 296.55 and has touched a high and low of Rs. 303.00 and Rs. 295.05 respectively. So far 2320 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.90 on 03-Nov-2015 and a 52 week low of Rs. 245.10 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 315.00 and Rs. 273.60 respectively. The current market cap of the company is Rs. 3735.27 crore.

The promoters holding in the company stood at 52.47% while Institutions and Non-Institutions held 11.58% and 35.60% respectively.

Finolex Industries has reported a net profit of Rs 42.97 crore for the quarter ended December 31, 2015 as compared to a net loss of Rs 43.81 crore for the same quarter in the previous year. However, total income of the company has decreased by 14.54% at Rs 550.67 crore for Q3FY16 as compared Rs 644.36 crore for the corresponding quarter previous year.

Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.

 

Finolex Inds Share Price

272.65 4.50 (1.68%)
10-May-2024 16:01 View Price Chart
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