Finolex Cables Ltd.

NSE: FINCABLES | BSE: 500144 | ISIN: INE235A01022 | Industry: Wires & Cables
| Falling Comet
891.4500 15.85 (1.81%)
NSE Apr 15, 2025 10:13 AM
Volume: 49,724
 

891.45
1.81%
Karvy
Standalone net sales for Q4FY16 were Rs.6807 mn as against Rs.6582 mn representing 3.4% YoY growth in value terms. The low growth in sales was primarily due to fall in commodity prices. In volume terms, however there was a 12.0% QoQ growth in Electrical cables; and in the communication cables, there was a QoQ growth of more than 20.0%. Profit before tax for Q4FY16 has reached Rs.1106mn as compared to Rs.683 mn in Q4FY15 showing a growth of 61.9%.Karvy maintain "BUY" rating for a upward revised target price of Rs.412 representing an upside potential of 20% for a 9-12 months period.

Trendlyne has 8 reports on FINCABLES updated in the last year from 3 brokers with an average target of Rs 385.5. Brokers have a rating for FINCABLES with 1 price downgrade and 1 price upgrade in past 6 months.
Finolex Cables Ltd. is trading above its 30 day SMA of 856.4
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