Finolex Cables spurts on plan to launch new products MCB, DB

07 Sep 2016

Finolex Cables is currently trading at Rs 430.35, up by 4.90 points or 1.15% from its previous closing of Rs 425.45 on the BSE.

The scrip opened at Rs. 429.00 and has touched a high and low of Rs. 433.85 and Rs. 427.00 respectively. So far 11623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 450.00 on 01-Sep-2016 and a 52 week low of Rs. 201.00 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 450.00 and Rs. 421.10 respectively. The current market cap of the company is Rs. 6578.69 crore.

The promoters holding in the company stood at 37.33%, while Institutions and Non-Institutions held 25.36% and 37.32% respectively.

Finolex Cables will be launching low voltage circuit breaker - Miniature Circuit Breaker (MCB) and Distribution Boards (DB) in the domestic market on September 15, 2016.

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 etc.

Related Finolex Cables Ltd. Links:

Finolex Cables Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719