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FINCABLES
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Stock FIIs are buying aggressively - #HAL - #CLEAN - Brightcom - #FINCABLES - HFCL - #GRINDWELL - Vardhman Textile - VIP Industries - #BEML - Fairchem Organics #InvestmentIdeas

Shyamkumar S

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Geojit Financial Services target on FINCABLES Date: 24-Nov-21 Broker: Geojit Financial Services Price @ Call: 581 Target: 663 Potential: 14.11% Recommendation: ACCUMULATE

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Revanth Nifty Radar

Rajat Kumar Singh

KNOW ABOUT COMPANY #InvestmentIdeas #FINCABLES Wire and cable companies are performing well over the past few months, with the top five stocks from the industry surging more than 30 percent. It’s expected to get better from here, with operations expected to improve as supply chains stabilise with the easing of lockdowns from Q2FY22. With demand coming back from sectors like housing, power, and infrastructure, this is one sector that could outperform in FY22. Finolex Cables is one of the oldest companies in the wires and cables business, in operations for more than fifty years. Apart from electrical and communication cables, it forayed into light fittings a few years ago. In the last two years, the company has introduced many FMEG (fast-moving electrical goods) products. Most of the leading cable companies like Havells, Polycab & V-Guard have over time diversified into FMEG products like fans, geysers, and light fittings, and Finolex Cables is the latest to join the bandwagon. The competition here is not restricted to cables and wires alone, but also in building brands around FMEG products. Will this strategy of increasing penetration of FMEG products help Finolex Cables outperform its peers in the future? Quick Takes The company posted its highest-ever annual net profit in FY21 at Rs 461.5 crore. Revenue from the FMEG vertical increased 73% YoY in FY21 to Rs 113.6 crore The June 2021 quarter was impacted due to the second wave of Covid-19 with partial and complete lockdowns in different states Expansion of products in the FMEG category is expected to increase Finolex Cables’ market share in FY22 Highest ever annual profits in a challenging year Though the company saw has seen declining revenues over the past two years, it registered the highest ever net profits in FY21 at Rs 461.5 crore. The electrical cables business is primarily driven by a pickup in real estate activities, which in the last two-quarters of FY21 helped this segment grow, despite being affected by the pandemic. Communication cables sales were impacted, which saw a decline in YoY revenue contribution. This was because of a fall in fibre prices internationally leading to lower selling prices, impacting margins, and deferred spending on communication cable projects by customers. In a pandemic affected FY21, Finolex Cables continuously improved sales in every quarter from Q2FY21 to Q4FY21. The second wave of Covid-19 impacted the performance in Q1FY22, and with most states in partial or complete lockdown during the months of April and May, sales across verticals were affected. Despite being able to operate only for a limited number of days or limited hours per day in Q1FY22, electrical wires volumes for Finolex increased by 7%, while the volumes of power cables rose by 23%. In the communication cables segment, volumes of metal-based products rose improved by 71% and Optic Fiber Cable volumes grew by over 290% during the quarter. All new products within the FMEG sector grew by more than 21% each. Electrical cables constitute a lion’s share of revenue with more than 80% contribution. Within this segment, the building wires used in homes, offices, etc. generate more than half of the revenues. Agriculture and automobile wires segment has a share of 20% and power cables with 20% share complete the pie of electrical cables. With the focus on expanding the range and distribution of FMEG products, the management expects these products to contribute to 15% of sales by the end of FY22. Stepping up efforts in this direction, the company is expanding the distribution reach of the FMEG products by enlisting existing distributors. Expansion plans and new product launches on track for FY22 According to the management, despite the lockdown, the company has not scaled down or slowed the Rs 200-crore capex (capital expenditure) plan which is underway in the Urse plant near Pune where they will make radiation technology-based solar cables, auto wires for the engines instrumentation cables using thin copper wires & telecom fibres for residential use. In Q4FY21, it launched inverter LED bulbs & LED concealed down lights to add to its range. The inverter LED bulbs are designed to switch on automatically in the absence of power. These bulbs operate with 100 lumens per watt output during power supply & work at a reduced lumen level of 40-50% at times of power outages. The company expects this product to do well as it resolves a problem faced by customers during unexpected power cuts and sees potential demand in rural areas as well as urban centres with higher power outages. Peers ahead of Finolex cables on many metrics The results for the Q1FY22 look encouraging for most of the companies in this sector and this may be one of the outperforming sectors in FY22. Finolex Cables' 79.1% YoY growth in revenues in Q1 FY22, came behind Polycab’s highest jump in revenue growth. The latter ended the quarter with a loss. V-Guard, despite having the lowest YoY revenue growth, grew its net profits by 6X. Except for #KEI , which is purely a cable manufacturing company, all the others have diversified into FMEG products from voltage stabilisers, lights, fans, electrical switches, etc. While #HAVELLS , #POLYCAB and #VGUARD have been present in the FMEG segment and already have a piece of the market share, Finolex Cables' strategy to gain market share in the FMEG segment will play a critical role in its growth in the coming months. Finolex’s stock underperformed its peers over the past year. The government’s focus on affordable housing can lead to a resurgence in housing demand. With demand for housing expected to rise, there is scope for growth for the cable industry. The ramp-up of the number of distributors for the FMEG segment should help the company show results by the end of FY22. With these triggers, will Finolex Cables be able to deliver better returns to investors going forward? One metric where Finolex Cables scores above its peers is the PE TTM (Price to Earnings, Trailing Twelve Months) ratio. Looking at the overall picture, the wire and cable industry is slated for growth. Finolex Cables has the potential to be among the better-performing companies in the sector, both in terms of growth as well as investor returns in FY22. Investors need to keep a track of how Finolex Cables charges up the next few quarters.

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500 🔥🔥🔥 #FINCABLES become rocket #NIFTY50 #NIFTYBANK #InvestmentIdeas

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FinCables #Update 440 to fresh 52week high 505 T1 500 done Now heading to T2 550 #TradeAdda #FINCABLES

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If you watch our video, you will understand how we have picked these breakout stocks. These stocks have given golden profit today. https://youtu.be/Vb-N0XgHFv4 #SBILIFE above 4% Gain 💰 #FINCABLES above 4% Gain 💰 SBI LIFE from 924 🚀 to 954 🚀 Finolex Cables from 409 🚀 to 419 🚀 Subscribe to get breakout stocks daily #NIFTY50

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*PM Modi On Improving India's Rural Infrastructure* Over the past 5 years optical fibre has been reached to 2.5 lakh gram panchayats. People from villages are also in dire need of online services. We have now decided that all 6 lakh villages will get optical fibre services. *We have decided that in 1000 days, all India’s villages will get optical fibre* View: Positive news for Sterlite, HFCL, Vindhya Telecom etc. and other cable business universal, finolex, polycab etc. #HFCL #STRTECH #VINDHYATEL #FINCABLES #POLYCAB

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**Finolex Cables** - Q4 FY20 (Audited –Cons) CMP: 297 Total revenue from operations 651 Cr 823 Cr (-20.89%) YoY | 702 Cr (-7.25%) QoQ Year ending revenue: 2,877 Cr Vs. 3,077 Cr (-6.44%) Net Profit of 64.4 Cr 124.1 Cr (-48.32%) YoY 102.7 Cr (-37.29%) QoQ Year ending Net profit: 391 Cr Vs. 407 Cr (-3.98%) EPS (in Rs.) 4.22 8.12 YoY |6.72 QoQ Year ending EPS: 25.57 Vs. 26.62 View: Result is down and below expectation. YoY revenue declined and profit significantly declined in YoY and QoQ. **Business Updates & Highlights**: Q4FY20 EBITDA was around INR 80.5 Cr Vs. 144.4 Cr in Q4FY19 therefore declined by 44.2% in YoY. EBITDA margin is around 12.3% Vs. 20.5% in YoY. FY20 EBITDA was around INR 302.4 Cr Vs. 386.7 Cr in FY19 therefore declined by 21.7% in YoY. EBITDA margin in FY20 was around 10.5% Vs. 12.6% in FY19. Company is primarily operating into three main segment viz. Electrical cables – 58.8%, Communication cables – 11.5% and Copper Rods – 27%. YoY topline growth for Electrical cables – (24.1%), communication cables – (1%) and Copper Rods – (4.8%). YoY bottom line growth for Electrical cables – (30.7%), communication cables – (54.5%) and Copper Rods – 244% (not significant in bottom line) The Board of Directors at its meeting held on 27 June, 2020, proposed a dividend of Rs. 5.50 (previous year Rs. 4.50) per equity share. **Financial** ROE and ROCE is around INR 15% and 23% respectively and book value per share is around INR 166 and share is currently trading at 1.8x of its book value. Company is currently trading at annualized PE of 12 which is average as per Industry benchmark. Promoter holding is around 35.9% in the company which is low but stable. FIIs and mutual fund hold around 7.5% and 19.2% in the company. Cash and cash equivalent from operating activities as of March 2020 is around INR 259 Cr Vs. 154 Cr as of March 2019. The good thing is company is virtually debt free and realization is also fair. Position: Share support price is INR 270. Short term outlook is bearish. Long term investor based on their risk appetite can continue with the company. **Share View**: Share price high 445 (52 week) and now 292. Finolex Cables Ltd is an Indian manufacturer of electrical and telecommunication cables based in Pune, Maharashtra. It is the flagship company of the Finolex Group, established in 1958. The company also manufactures polyvinyl chloride sheets for roofing, signage and interiors Opportunities: Consistent performer and strong management group. Company is also at reasonable valuation. Company is debt free and no finance cost obligation. Paying good dividend and also increasing in YoY. Risk: Covid – 19 outbreak Q1 and Q2 FY21 can further downslide due to lower sales and negative growth as mostly April and May was shut down the company operations. Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares. #FINCABLES

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Reputation: 27,674  •  Yesterday 5:21 AM
Fundamental Radar: Why KEI Industries could surpass October highs to hit record in next 12 months?
KEI Industries is a leading player in the wires and cables (W&C) space with an extensive product portfolio and distribution reach with PAN India presence. KEI ranks among the top three wires and cables (W&C) manufacturers in the country. It services retail and institutional customers.
The Economic Times
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Shiva kumar-display-image
Reputation: 11,133  •  Nov 24 3:23 AM

rounding bottom pattern breakout and retested

good for buying

buy for short term and intradays
Chartbusters - chart - 16946597
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Reputation: 27,674  •  Nov 22 12:28 PM
Trade Spotlight | What should you do with Jindal Stainless, Escorts Kubota, Finolex Cables on Tuesday?
Finolex Cables was also in focus, rising nearly 7 percent to Rs 567.5, the biggest closing level since December 15, 2021 and formed healthy bullish candle on the daily charts with large volumes. Also there was a big breakout of nearly month long consolidation.
Moneycontrol
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Jagdish Jha-display-image
Reputation: 8,058  •  Nov 21 7:29 AM
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Reputation: 27,674  •  Nov 9 2:11 AM
Corporate Radar: Tech Mahindra to trade ex-dividend; Tata Motors, Star Health results and more
The board of Balrampur Chini will also mull buyback of shares other than the quarterly results. The Byke Hospitalitys board will deliberate the issue of warrants.
The Economic Times
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Reputation: 27,674  •  Oct 28 4:56 AM
Buy Finolex Cables, target price Rs 558: Axis Securities
Finolex Cables Ltd., incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 8025.49 Crore) operating in Consumer Durables sector.
The Economic Times
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Team SharmaStocks®-display-image
Reputation: 613  •  Oct 24 12:17 PM

WEEKLY TECH PICK-:
#HCLTECH Buy Range: 1015-995 Stop loss: 960
Target : 1090-1130 Upside: 8%-12%
#CANBK Buy Range : 260-255 Stoploss : 238 Target : 296-308
Upside : 15%-20%
#CAMLINFINE Buy Range : 136-133 Stoploss : 124 Target : 155-161
Upside : 15%- ......read more
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Reputation: 27,674  •  Oct 24 11:13 AM
Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?
Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes.
Moneycontrol
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Financialwavetrader-display-image
Reputation: 1,602  •  Oct 22 3:26 AM


Keep on radar

can surprise you with his move in short time
Chartbusters - chart - 14583285
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Reputation: 27,674  •  Sep 15 2:06 AM
Corporate Radar: Finolex Cables, Glenmark Life, IGL to trade ex-dividend; BEL bonus issue and more
Besides, Bharat Electronics and Rajnandini Metal shall trade ex-bonus for 2:1 and 1:2 bonus share issuances, respectively. Also, the rights issue for Libas Consumer is lined up for today as part of which the company shall offer the right to buy 1 share for every 2 shares held at Rs 21 per share.
The Economic Times
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Reputation: 27,674  •  Sep 6 10:26 AM
Expect PVC will be dumped in India and hence a downward trend: Finolex CEO
“Our product mix is also changing. Currently, 60% comes from the agri sector and 40% from the non-agri sector. This trend is likely to continue but there is enough headroom to grow even in agri business. Less than 50% of our farm is through irrigation. We expect enough headroom to grow in this segment as well.”
The Economic Times
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Reputation: 27,674  •  Sep 6 10:26 AM
Expect PVC will be dumped in India and hence a downward trend: Finolex CEO
“Our product mix is also changing. Currently, 60% comes from the agri sector and 40% from the non-agri sector. This trend is likely to continue but there is enough headroom to grow even in agri business. Less than 50% of our farm is through irrigation. We expect enough headroom to grow in this segment as well.”
The Economic Times
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Reputation: 27,674  •  Aug 25 3:01 AM
Ahead of Market: 10 things that will decide D-St action on Friday
Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said as long as the Nifty sustains above the support of 17,300-17,200 levels, there is a possibility of an upside bounce from the lower levels. One may expect broader range movement for the Nifty
The Economic Times
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Reputation: 27,674  •  Aug 19 9:18 AM
Buy Finolex Cables target of Rs 581: Sharekhan
Sharekhan is bullish on Finolex Cables has recommended buy rating on the stock with a target price of Rs 581 in its research report dated August 17, 2022.
Moneycontrol
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Reputation: 27,674  •  Aug 16 11:53 AM
Hot Stocks | Exide Industries, GSFC, Finolex Cables can give 14-23% return in short term. Here's why
Finolex Cables has been forming higher tops and higher bottoms on the daily chart. It has registered fresh 6 months high with rising volumes.
Moneycontrol
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TradeAdda-display-image
Reputation: 54,207  •  Aug 1 2:10 AM

FINCABLES
Cmp 425 and Dips 400 Sl 380 Trg 470 500
For Educational Purpose Onl.
#TradeAdda #FINCABLES
Chartbusters - chart - 11122853
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Reputation: 27,674  •  Aug 1 12:03 PM
Hot Stocks | Here's why you should bet on NALCO, Finolex Cables for short term
Throughout this year, Finolex Cables has been sulking as we witnessed nearly 50 percent retracement of the previous up move to test the Rs 350 mark. Fortunately, the corrective phase ended there and after a brief consolidation, the stock prices started moving upwards.
Moneycontrol
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Mindful Analytics-display-image
Reputation: 1,376  •  Aug 1 10:58 AM

Finolex Cables Ltd.
Buy Above – 432
Target – 500
Stoploss – 395

Technically: FINCABLES has formed Inverted Head and Shoulder chart pattern. Breakout of the neckline can be seen with huge volume during the last trading session. RSI is above 60 (not shown in chart) which shows bul......read more
Chartbusters - chart - 11122773
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Reputation: 4,233  •  Aug 1 6:09 AM
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Equity And Option Trader-display-image
Reputation: 37,227  •  Jul 30 5:12 AM

Momentum traders will find it sin to miss on this chart. Rounding Bottom Break Out on cards above 429-432 zone for quick 40 to 75+ points gains (and much more)
Chartbusters - chart - 11122230
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Reputation: 27,674  •  Jul 26 4:16 AM
Buy Finolex Industries, target price Rs 173: ICICI Securities
Finolex Industries Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 8153.07 Crore) operating in Plastics sector.
The Economic Times
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Reputation: 27,674  •  Jul 18 1:28 AM
Top 10 trading ideas for next 3-4 weeks as experts predict swing in markets
Bharat Electronics has recently consolidated within a range which seems to be a time-wise correction within an uptrend. The consolidation has led to the formation of a ‘Symmetrical Triangle’ pattern on the daily chart and prices have given a breakout from the pattern
Moneycontrol
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Reputation: 27,674  •  Jul 13 3:31 AM
Stocks to buy today: 6 short-term trading ideas for 13 July
Indian market bounced back on Wednesday tracking positive global cues. The S&P BSE Sensex rallied more than 200 points while the Nifty50 reclaimed 16,100 levels in the first 15 minutes of trade.
The Economic Times
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Reputation: 27,674  •  Jul 13 2:21 AM
Buy Finolex Cables, target price Rs 440: HDFC Securities
Finolex Cables Ltd., incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 6307.22 Crore) operating in Consumer Durables sector.
The Economic Times
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Reputation: 27,674  •  Jun 27 11:41 AM
Blue chips trading below book values on your radar? Tick other boxes, too
In a bear market or corporate earnings downgrade cycle, many analysts attach greater importance to PB ratio while valuing companies. Profitable companies with low P/B ratios are always preferable as they usually outperform when the market recovers, said analysts.
The Economic Times
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Reputation: 27,674  •  Jun 17 3:06 AM
Finolex Cables eyeing Rs 500 crore revenue from appliances biz
"The appliance business is primarily distribution driven.. Over the past 24-30 months, we have appointed distributors in approximately 585 districts with a potential to service 175,000 retailers on a weekly or fortnightly basis. Our near-term target is to expand this coverage to around 650-675 districts which will improve retailer coverage further."
The Economic Times
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krivainfocom-display-image
Reputation: 2,107  •  May 30 2:17 AM

FINOLEX CABLES BUY 358 TO 338 SL 324 CBSL TGT 380 400 420 440 460+++ INVESTMENT TRADE 3 TO 6 PART
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Reputation: 20,221  •  May 26 12:30 PM

#FINCABLES will declare results on May 28, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Shyamkumar S-display-image
Reputation: 17,304  •  Apr 13 3:39 AM
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Reputation: 750  •  Apr 4 2:31 AM
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Reputation: 828  •  Apr 4 2:29 AM
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Reputation: 20,221  •  Feb 7 12:30 PM

#FINCABLES will declare results on Feb 9, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Reputation: 27,674  •  Nov 26, 2021 5:21 AM
Accumulate Finolex Cables, target price Rs 663: Geojit
Finolex Cables Ltd. key Products/Revenue Segments include Electrical Cables, Cables, Others, Scrap and Copper Rods for the year ending 31-Mar-2021.
The Economic Times
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Reputation: 39,713  •  Nov 25, 2021 6:30 AM

Geojit Financial Services target on FINCABLES
Date: 24-Nov-21 Broker: Geojit Financial Services Price @ Call: 581 Target: 663 Potential: 14.11% Recommendation: ACCUMULATE
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K C-display-image
Reputation: 96  •  Nov 22, 2021 3:03 AM
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Neeraj Puri Goswami-display-image
Reputation: 10,308  •  Nov 16, 2021 3:31 AM

#FINCABLES : Fresh uptrend started : Finolex cables started fresh uptrend now at 585-586 level. it has given break out above 550. keep stoploss at 540 level and target for 10-15% from here in short term
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Gyanee-display-image
Reputation: 8,766  •  Nov 14, 2021 5:15 AM

Finolex Cables has steadily diversified into electrical appliances and lighting products and is giving tough competition to established brands like Havells. The stock is available at a P/E multiple of 15x whereas Havells trades at 50x.
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Harry-display-image
Reputation: 1,825  •  Nov 14, 2021 9:18 AM

*Finolex Cables Ltd.* | *CMP* Rs. 507 | *M Cap* Rs. 7754 Cr | *52 W H/L* 558/270
(Nirmal Bang Retail Research)
*Result inline*
Revenue from Operations came at Rs. 933 Cr (38.1% QoQ, 45.9% YoY) vs expectation of Rs. 794.3 Cr, QoQ Rs. 675.4 Cr, YoY Rs. 639.4 Cr
EBIDTA came at Rs. 1......read more
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Gyanee-display-image
Reputation: 8,766  •  Nov 12, 2021 2:30 AM
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Reputation: 20,221  •  Nov 10, 2021 12:30 PM

#FINCABLES will declare results on Nov 12, 2021
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Cambist Analytics-display-image
Reputation: 1,682  •  Oct 27, 2021 5:37 AM

#TradingUniversity
26-10-2021 ... A Bullish Bullish Gartley pattern formed in *FINCABLES *. It is considered as a reliable n bullish signal, pattern suggest an upside target 485-510 plus from LTP 460. Indicators like Stochastic also turned bullish on daily chart
FINCABLES - 5510453
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Deepak Choudhary-display-image
Reputation: 1,345  •  Oct 25, 2021 3:14 AM

FINCABLES is at support can give up to 20% returns
Entry : 456/444
Target : 588
Stop loss : 425

FINCABLES - 5455685
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A
Reputation: 11,211  •  Oct 24, 2021 4:36 AM
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Revanth Nifty Radar-display-image
Reputation: 15,352  •  Oct 18, 2021 1:02 AM

Today's Infographic: The Top Players in Electric Wires & Cables Space
🔮 Polycab - 12%
🔮 Havell's - 5%
🔮 Finolex - 5%
🔮 KEI - 5%
🔮 RR Kabel - 3%
🔮 Unorganized - 59%
POLYCAB - 5292128
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Reputation: 27,674  •  Sep 28, 2021 3:56 AM
Finolex Cables loses 1.1%; battle for control intensifies among Chhabrias
At 09.35 hours (IST), the companys scrip traded at Rs 484.70, down 1.1% on the National Stock Exchange.
The Economic Times
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Reputation: 27,674  •  Sep 28, 2021 2:56 AM
Finolex Cables case related to infighting among promoters: JN Gupta
“There are two companies in the stable Finolex Cables and Finolex Industries, which are currently headed by cousin brothers. There is an intense fight between the brothers over the ownership of the shares that are held in some trust. Both are at loggerheads and one party votes against the other in the meetings.”
The Economic Times
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Reputation: 27,674  •  Sep 28, 2021 1:16 AM
Stocks in the news: RIL, SBI, Finolex Cables, Shyam Metalics and Maruti Suzuki
RIL is in talks to invest between $200 million and $250 million in InMobis lock screen content platform Glance, multiple people in the know told ET.
The Economic Times
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Reputation: 27,674  •  Sep 27, 2021 10:51 AM
Proxy advisory firms flag corporate governance issues ahead of Finolex Cables AGM
Proxy advisory firms Stakeholder Empowerment Services (SES) and Ingovern Research have accused the Pune-based company headed by Deepak Chhabria of taking its shareholders for a ride by violating many provisions of the Companies Act and Sebi norms and have advised shareholders to reject the appointments of these directors.
The Economic Times
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Reputation: 27,674  •  Sep 22, 2021 10:26 AM
Eyes on Finolex Cables AGM; Sony deal good for Zee: Shriram Subramanian
“After Sony comes in, it will create the largest media company in India and one of the largest in the world. ”
The Economic Times
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