Finolex Cables trades jubilantly on reporting three fold jump in Q2 net profit

08 Nov 2012 Evaluate

Finolex Cables is currently trading at Rs. 49.85, up by 6.15 points or 14.07% from its previous closing of Rs. 43.70 on the BSE.

The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 51.00 and Rs. 42.95 respectively. So far 600205 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 49.10 on 22-Oct-2012 and a 52 week low of Rs. 21.00 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 51.00 and Rs. 42.60 respectively. The current market cap of the company is Rs. 682.11 crore.

The promoters holding in the company stood at 35.65% while Institutions and Non-Institutions held 13.20% and 47.16% respectively.

Finolex Cables has reported results for second ended September 30, 2012.

The company has reported about three fold jump in its net profit at Rs 57.46 crore for the quarter as compared to Rs 19.73 crore for the same quarter in the previous year. Total income of the company has increased by 17.43% at Rs 585.98 crore for quarter under review as compared to Rs 499.01 crore for the quarter ended September 30, 2011.

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, jelly-filled telephone cables, LAN cables, switchboard cables. It is India's largest and leading manufacturer of electrical and telecommunication cables.

Finolex Cables Share Price

1001.00 25.95 (2.66%)
28-Mar-2024 16:01 View Price Chart
Peers
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Finolex Cables 1001.00
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