Finolex Cables Share: Sometimes happiness and sometimes sadness is seen in the stock market. Investors pocketed stocks on Monday morning during the one-hour special muhurta trading held on Sunday to mark Diwali. We are talking about shares of Finolex Cables. The stock, which touched the upper circuit with a strong surge of 20 percent in Sunday’s special session, fell 5 percent at the market open on Monday. Generally, trading volume is low in short sessions of Muhurta trading. This share on Sunday was Rs. 1,309, but on Monday morning it fell to Rs. had come to 1,246. On Sunday, that wild surge took the company’s market cap by Rs. 3,334 crore was added. After a turbulent rally, profit booking at higher levels and price rebalancing (correction) were observed, Because of that Part of Sunday’s gains have been wiped out.
A stormy rise was seen after the quarterly results
The strong rise in the short trading session on Sunday was attributed to the company’s excellent quarterly results. In the second quarter (Q2) of the current fiscal year 2027, Finolex Cables’ consolidated net profit rose nearly 68 percent year-on-year to Rs. 273 crores. In the same quarter of last financial year, the company posted Rs. 163 crore profit was made. Not only the profit, but also the income from operations (income) of the company saw a huge jump. During the quarter under review, the company’s operational income grew by 65 percent year-on-year to Rs. 2,269 crores. In the same period a year ago, this figure was Rs. 1,376 crores.
The cable business flourished but the copper road took a hit
If we look at the performance of various business segments of the company, the picture looks quite interesting. Finolex’s electrical cable business grew 65 percent year-on-year to Rs. 1,960 crore has been reached. At the same time, revenue from communication cables more than doubled to Rs. 230 crore has been done. But there was a big decline in the copper rod business of the company. In the second quarter of the current financial year, copper rod revenue fell to just Rs. 63 crore, while in the same period a year ago this figure was Rs. 485 crore was at a strong level.
Buy, sell or hold now?
Amidst these ups and downs in stocks, the biggest question on investors’ minds is what to do next. Global brokerage firm Jefferies maintained its ‘buy’ rating on the stock following the company’s first quarter (Q1) results. The brokerage has set a price target of Rs 1,410 per share for Finolex Cables shares. If Sunday’s Rs. Compared to the closing price of 1,309, it represents a further jump in the stock of about 8 percent.
Investors got strong returns in the long run
If we look at the past track record of this stock, it has not disappointed investors. Shares of Finolex Cables have risen more than 10 percent in the past week, though they have also fallen more than 9 percent in a month. The stock has fallen by more than 60 percent so far in 2026. And in the last one year it has returned 65 percent. This has proved to be a profitable deal for long-term investors as well. The stock has gained more than 34 percent in three years, while it has returned more than 156 percent in five years.
