Finolex Cables Ltd. News and Updates

Name: Latest research reports of Finolex Cables Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Finolex Cables Ltd.
Rating: 5
Author: Sharekhan

Keep track of all breaking news on Finolex Cables Ltd. from all sources in a single place.

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Finolex Cables Ltd.

07 Jan 2021

886.55

-2.93%

Buy Finolex Cables: target of Rs 450: Sharekhan

Moneycontrol

Sharekhan is bullish on Finolex Cables has recommended buy rating on the stock with a target price of Rs 450 in its research report dated January 06, 2020.

Finolex Cables Ltd. is trading below its 50 day SMA of 914.2

Finolex Cables Ltd.

12 Dec 2020

886.55

-2.93%

Trading pick of the week: Finolex Cables (358.5): Buy

Business Line

Investors with a medium-term perspective can buy the stock of Finolex Cables on minor corrective declines. Following a sharp fall in late February and

Finolex Cables Ltd. is trading below its 50 day SMA of 914.2

Finolex Cables Ltd.

19 Nov 2020

886.55

-2.93%

Projects are picking up, especially in the residential segment: Deepak Chhabria, Executive Chairman, Finolex Cables

Moneycontrol

He believes the worst is over and a V-shaped recovery is seen ahead. In the last two months, there has been a sudden requirement for wires for making harnesses for cars. The company is also planning to enter two other categories in the electrical goods space, Chhabria said.

Finolex Cables Ltd. is trading above its 30 day SMA of 865.2

Finolex Cables Ltd.

18 Sep 2020

886.55

-2.93%

Finolex Cables share price gains 2% after Jefferies retains buy

Moneycontrol

Jefferies believes that annual report delves deeper into company's focus points for driving next leg of growth adding that spike in March capital was due to lockdown and may revert to normal in FY21.

Finolex Cables Ltd. has an average target of 1410.33 from 3 brokers.

Finolex Cables Ltd.

24 Aug 2020

886.55

-2.93%

Buy Finolex Cables; target of Rs 360: Sharekhan

Moneycontrol

Sharekhan is bullish on Finolex Cables has recommended buy rating on the stock with a target price of Rs 360 in its research report dated August 20, 2020.

Finolex Cables Ltd. is trading above its 30 day SMA of 865.2

Finolex Cables Ltd.

21 Aug 2020

886.55

-2.93%

Finolex Cables shares climb 3% after Jefferies maintains buy call on the stock

Moneycontrol

Finolex's Standalone net sales for Q1FY21 came at Rs 377.12 crore, down 53.31 percent from Rs 807.74 crore in June 2019.

Finolex Cables Ltd. is trading above its 30 day SMA of 865.2

Finolex Cables Ltd.

20 Aug 2020

886.55

-2.93%

Finolex Cables

Buy: Finolex Cables Ltd.

Recommendation Target

Sharekhan

Finolex Cables reported better than expected numbers during Q1FY2021 despite effectively operating for only about a month during the quarter. Its standalone revenues declined by 63% y-o-y to Rs. 377 crore (but was higher than estimate) as factory operations gradually resumed from May 20, 2020, followed by channel partners. OPM contracted by 396 bps y-o-y to 9.2% (much better than estimates) owing to a dip in gross margins (as it doled out the entire 8% target-based incentives versus the normal of 6% to channel partners to support them and strengthen long-term relationships during the quarter). A dip in revenues and OPM led to a 57% y-o-y decline in net profit to Rs....

Finolex Cables Ltd. has lost -37.24% in the last 6 Months

Finolex Cables Ltd.

03 Jul 2020

886.55

-2.93%

Hold Finolex Cables target of Rs 325: Sharekhan

Moneycontrol

Sharekhan recommended Hold rating on Finolex Cables with a target price of Rs 325 in its research report dated July 01, 2020.

Finolex Cables Ltd. has an average target of 1410.33 from 3 brokers.

Finolex Cables Ltd.

01 Jul 2020, 12:00AM

886.55

-2.93%

Finolex Cables

Hold: Finolex Cables Ltd.

Target

Sharekhan

The revenues of Finolex Cables Limited (Finolex) declined by 20.9%y-o-y (inline with estimates) impacted mainly due to COVID-19 related disruptions (sales loss estimated at Rs 200 crore in Q4FY20). The revenue of the electrical cable segment r declined 24% y-o-y, affected by a slowdown in the industrial sectors. The communication cable segment revenue remained largely flat y-o-y, all products (barring LAN & Optic Fiber Cables) declined during the quarter by 25% to 30%. LAN and Optic fiber cable (OFC) segments grew by 40% y-o-y during the quarter, while other segments comprising fans and lightings, among others, increased by more than 20% y-o-y to Rs. 22.7crore on a...

Finolex Cables Ltd. is trading above its 30 day SMA of 865.2

Finolex Cables Ltd.

01 Jul 2020, 12:00AM

886.55

-2.93%

FINOLEX CABLE

Accumulate: Finolex Cables Ltd.

Target

Geojit BNP Paribas

Finolex Cables Ltd (FCL) is India's largest manufacturer of electrical (80% of revenue) and telecommunication cables (16%). FCL has a wide distribution network with a high brand recall. Q4FY20 revenue & EBITDA de-grew by 21% & 31% YoY, but PAT grew by 38% YoY led by higher other income & lower tax....