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Finolex Industries surges on aiming to double capacity by 2020

09 Oct 2017 Evaluate

Finolex Industries is currently trading at Rs. 643.80, up by 5.70 points or 0.89% from its previous closing of Rs. 638.10 on the BSE.

The scrip opened at Rs. 661.00 and has touched a high and low of Rs. 661.00 and Rs. 640.00 respectively. So far 1699 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 699.90 on 19-Sep-2017 and a 52 week low of Rs. 385.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 661.00 and Rs. 626.55 respectively. The current market cap of the company is Rs. 8003.53 crore.

The promoters holding in the company stood at 52.47%, while institutions and non-institutions held 12.83% and 34.70% respectively.

Finolex Industries has set a $1 billion revenue target and to double its capacity by 2020. The company expects to increase the non-agri revenue share to 50% from 30% now as it shifts focus on the residential and commercial properties segments, given the government thrust on housing.

Finolex Industries manufactures PVC-U pipes and fittings, prominently in agriculture and also in non-agriculture sector including housing, telecom, construction and industries.

Finolex Inds Share Price

174.70 1.90 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3705.80
Astral 1612.85
Finolex Inds 174.70
Nilkamal 1320.05
Jain Irrigation Sys 33.05
View more..

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