Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

PNC Infratech, Finolex Cables, APL Apollo, Hi-tech Pipes, Gati, Mahindra Logistics and Macrotech Developers are among Sharekhan’s midcap and smallcap picks.

Budget 2023 stock picks: L&T, Dabur, M&M, HAL, PNC Infratech, Finolex Cables, Gati, Mahindra Logistics

Finolex Cables launches electric iron products in domestic market

Sharekhan is bullish on Finolex Cables has recommended buy rating on the stock with a target price of Rs 660 in its research report dated January 04, 2022.

Buy Finolex Cables; target of Rs 660: Sharekhan

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.

Trade Spotlight | What should you do with Jindal Stainless, Escorts Kubota, Finolex Cables on Tuesday?

Decent profitability in fast moving electrical goods is taking long, given Finolex Cables’s slow ramp up.

Finolex Cables Q2 Results Review - Healthy Demand Outlook; Margin Trajectory, Key Monitorable: Systematix

Finolex Cables’s profit for Q2, after taxes, was ₹136.7 crore, lower by 8 per cent

Finolex Cables reports 17% growth in value terms

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.

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?

Vijaya Diagnostic Centre Ltd, South Indian Bank Ltd, KPIT Technologies Ltd and Indian Bank are among the other gainers in the BSE’s ‘A’ group today, 21 October 2022.

Finolex Cables Ltd leads gainers in ‘A’ group

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.

Buy Finolex Cables target of Rs 581: Sharekhan

Speaking to ET NOW on Q1FY23 numbers, Mahesh Viswanathan, CFO, Finolex Cables says “Concerns around liquidity and demand impacted performance this quarter. We undertook 3 price cuts during the quarter around 8-10%. Construction followed by manufacturing is the major demand driver. 5G will require much more fibre band; which will create demand.” In next 2-3 years, we should see healthy 5G led demand, he adds. Commodity prices are fully passed on to customers. Watch to know more.

#maheshviwanathan #5gdemand #finolexcables
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In Next 2-3 Years, We Should See Healthy 5G Led Demand | Mahesh Viswanathan, Finolex Cables | ET Now

Finolex Cables Ltd has added 3.31% over last one month compared to 1.74% fall in S&P BSE Capital Goods index and 4.03% drop in the SENSEX

Finolex Cables Ltd Spurts 2.98%, S&P BSE Capital Goods index Rises 1.02%

Finolex Cables Limited is a manufacturer of electrical and telecommunication cables.

Finolex Cables Ltd

Finolex Cables Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Budget 2023 stock picks: L&T, Dabur, M&M, HAL, PNC Infratech, Finolex Cables, Gati, Mahindra Logistics

Finolex Cables launches electric iron products in domestic market

Buy Finolex Cables; target of Rs 660: Sharekhan

Trade Spotlight | What should you do with Jindal Stainless, Escorts Kubota, Finolex Cables on Tuesday?

Finolex Cables Q2 Results Review - Healthy Demand Outlook; Margin Trajectory, Key Monitorable: Systematix

Finolex Cables reports 17% growth in value terms

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?

Finolex Cables Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Budget 2023 stock picks: L&T, Dabur, M&M, HAL, PNC Infratech, Finolex Cables, Gati, Mahindra Logistics

Finolex Cables launches electric iron products in domestic market

Buy Finolex Cables; target of Rs 660: Sharekhan

Trade Spotlight | What should you do with Jindal Stainless, Escorts Kubota, Finolex Cables on Tuesday?

Finolex Cables Q2 Results Review - Healthy Demand Outlook; Margin Trajectory, Key Monitorable: Systematix

Finolex Cables reports 17% growth in value terms

Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock