Finolex Cables trades higher on good Q2 numbers

11 Nov 2016
Finolex Cables is currently trading at Rs. 430.45, up by 5.55 points or 1.31% from its previous closing of Rs. 424.90 on the BSE.

The scrip opened at Rs. 443.50 and has touched a high and low of Rs. 443.50 and Rs. 415.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs.457.00 on 29-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. 452.95 and Rs. 363.00 respectively. The current market cap of the company is Rs. 6691.10 crore.

The promoters holding in the company stood at 37.33%, while Public held 62.67% stake.

Finolex Cables has reported 64.34 % rise in its net profit at Rs 104.80 crore for the quarter ended September 30, 2016 as compared to Rs 63.77 crore for the same quarter in the previous year. Total income of the company increased 0.31 % to Rs 669.43 crore for Q2FY17 from Rs 667.38 crore for the corresponding quarter in previous year.

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Finolex Cables Share Price

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