Finolex Cables Shares Surge on Strong Outlook

Published 1 year ago

Finolex Cables (FNXC.NS) shares jumped 6.5% to 1,020 rupees after a 4% year-over-year PAT increase despite lower margins. Analysts cite attractive valuations, growth in housing/construction, 5G rollout potential, and expansion plans.

Q4 PAT grew 4% YoY, sales up 14%.
Trading at a discount to industry peers.
'Strong Buy' rating with ₹1,236.5 PT.

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