Finolex Cables shines on launching Industrial Switchgears

03 Jan 2020

Finolex Cables is currently trading at Rs. 408.30, up by 8.45 points or 2.11% from its previous closing of Rs. 399.85 on the BSE.

The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 410.05 and Rs. 403.00 respectively. So far 2649 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 506.75 on 20-Mar-2019 and a 52 week low of Rs. 334.95 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 410.05 and Rs. 357.50 respectively. The current market cap of the company is Rs. 6245.28 crore.

The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 27.12% and 36.96% respectively.

Finolex Cables has launched Industrial Switchgears, which is manufactured with the latest technology, these will be available in differential ratings, ranging from 63 to 800 Amps in various pole configurations. The switchgears have been introduced in 5 different frame sizes across the country. The company has entered into the MCCB product category to strengthen its presence in the domestic and industrial switchgear market.

The MCCB launch will further strengthen the switchgear basket of the company and will give the company access to the enormous and robust Industrial switchgear market to serve its retail and panel builder clients.

Finolex Cables is India's largest and leading manufacturer of electrical and telecommunication cables.

Related Finolex Cables Ltd. Links:

Finolex Cables Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323