Finolex Industries zooms on reporting around 3-fold jump in Q2 net profit

30 Oct 2018

Finolex Industries is currently trading at Rs. 561.35, up by 21.90 points or 4.06% from its previous closing of Rs. 539.45 on the BSE.

The scrip opened at Rs. 569.80 and has touched a high and low of Rs. 580.00 and Rs. 551.30 respectively. So far 22106 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 742.00 on 02-Nov-2017 and a 52 week low of Rs. 463.40 on 22-Oct-2018.

Last one week high and low of the scrip stood at Rs. 580.00 and Rs. 483.30 respectively. The current market cap of the company is Rs. 6952.44 crore.

The promoters holding in the company stood at 52.47%, while Institutions and Non-Institutions held 12.88% and 34.65% respectively.

Finolex Industries has reported around 3-fold jump in its net profit at Rs 76.42 crore for the quarter ended September 30, 2018 as compared to Rs 28.28 crore for the same quarter in the previous year. Total income of the company increased by 14.13% at Rs 554.91 crore for Q2FY19 as compared Rs 486.21 crore for the corresponding quarter previous year.

Finolex Industries is the largest PVC pipe manufacturer in India. The company's product range includes PVC Resin, PVC-U Pipes & Fittings, Selfit PVC-U Pipes,Ringfit PVC-U Pipes,Moulded Fittings for Agriculture etc.

Related Finolex Industries Ltd. Links:

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

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