Stock of Interest

Posted On: August 4, 2023

Stock Report: FINCABLES (NSE) 03 Aug 2023 

Finolex Cables Limited, the leading Indian manufacturer of electrical and telecommunication cables, headquartered in Pune, Maharashtra, has emerged as a key player in the industry since its establishment in 1958. As the flagship company of the Finolex Group, it has diversified its offerings to include polyvinyl chloride sheets for roofing, signage, and interiors. With a workforce of approximately 1,589 employees, the company has made significant contributions to India’s infrastructure development and technological advancement. Its subsidiaries, including Corning Finolex Optical Fibre Private Limited, Finolex Finance Ltd, and Finolex Wire Products Limited, have further bolstered its presence in the market. In the fiscal year 2023, Finolex Cables Limited achieved impressive revenue figures of approximately 45.98 billion INR, showcasing its commitment to excellence and adaptability to market demands. With a rich history and strong foundation, the company continues to be a reliable choice for electrical and telecommunication cable solutions, as well as PVC sheet products, solidifying its significant role in India’s industrial landscape.

#xCalData predicts that #FINCABLES will continue its bullish phase over the next five days and trend within the range of 1978 to 1042.  

In comparison to the previous month, the price of the stock has experienced a increase of 19.95% indicating a bearish. 

The Stock has doubled twice since 12 Jun 2015 and took an average of 4.0 years to double.  

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only one technical indicator namely HeikinAshi indicates Bearish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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