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

Stock doesn't offer attractive dividend returns

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

Demand for fibre optics, LAN and copper line cables increased as people working at home seek good internet, says CEO.

Finolex Cables says Q4 sales volumes back to levels before pandemic

Speaking to ET NOW, Mahesh Viswanathan Deputy MD of Finolex Cables & Dr Anand Agarwal Former Group CEO of Sterlite Technologies, on the current scenario on 5G in India, said the opportunity size will be substantial with 5G coming in fibre demand size will depend on the financial health of telecom operators. Currently, only 35% of towers in India have fibre connectivity 5G ecosystem is getting ready in India. CAPEX will be significant on the infrastructure side, and Industrial applications of 5G will be much more. Watch the full interview here to find out about that and more.
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India Getting 5G-Ready: Mahesh Viswanathan, Finolex Cables & Dr. Anand Agarwal, SterliteTechnologies

Nandish Shah of HDFC securities believes that, short term trend of the Nifty remains weak. Therefore, their advice is to remain cautious till Nifty closes above the 17,000 levels.

Hot Stocks | Here’s Why You Should Bet On Finolex Cables, RHI Magnesita India, And Sell Grasim In Short-term

Finolex Cables Ltd has added 20.6% over last one month compared to 0.6% fall in S&P BSE Capital Goods index and 1.8% drop in the SENSEX

Finolex Cables Ltd Spurts 3.16%, S&P BSE Capital Goods index Gains 1.1%

Finolex Cables Ltd. key Products/Revenue Segments include Electrical Cables, Cables, Others, Scrap and Copper Rods for the year ending 31-Mar-2021.

Accumulate Finolex Cables, target price Rs 663: Geojit

Shares of Finolex Cables rose nearly 4% amid a rally in broader market today. The stock touched an intraday high of Rs 589.05, rising 3.89% on BSE. Finolex Cables shares stand higher than 20 day, 50 day, 100 day and 200 day moving averages but lower than 5 day moving averages.

Finolex Cables stock rises 4% as Geojit sees 14% upside, assigns ‘accumulate’ rating

H2FY22E performance is expected to be better, given better vaccination drive and a sharp rebound in economic activities, Geojit Research has said in a report

Finolex Cables Share Price Rise; Geojit Sees 14% Upside

Geojit recommended accumulate rating on Finolex Cables with a target price of Rs 663 in its research report dated November 24, 2021.

Accumulate Finolex Cables Target Of Rs 663: Geojit

Finolex Cables Consolidated September 2021 Net Sales At Rs 932.98 Crore, Up 45.91% Y-o-Y

Finolex Cables jumped 6.72% to Rs 587.20, extending its winning run to fourth consecutive trading session.

Finolex Cables hits 52-week high; rises 19% in four days

Finolex Cables Ltd has added 16.43% over last one month compared to 7.07% gain in S&P BSE Capital Goods index and 1.2% drop in the SENSEX

Finolex Cables Ltd Surges 3.86%

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

Finolex Cables says Q4 sales volumes back to levels before pandemic

News Video

India Getting 5G-Ready: Mahesh Viswanathan, Finolex Cables & Dr. Anand Agarwal, SterliteTechnologies

Hot Stocks | Here’s Why You Should Bet On Finolex Cables, RHI Magnesita India, And Sell Grasim In Short-term

Finolex Cables Ltd Spurts 3.16%, S&P BSE Capital Goods index Gains 1.1%

Accumulate Finolex Cables, target price Rs 663: Geojit

Finolex Cables stock rises 4% as Geojit sees 14% upside, assigns ‘accumulate’ rating

Finolex Cables Share Price Rise; Geojit Sees 14% Upside

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

Finolex Cables says Q4 sales volumes back to levels before pandemic

News Video

India Getting 5G-Ready: Mahesh Viswanathan, Finolex Cables & Dr. Anand Agarwal, SterliteTechnologies

Hot Stocks | Here’s Why You Should Bet On Finolex Cables, RHI Magnesita India, And Sell Grasim In Short-term

Finolex Cables Ltd Spurts 3.16%, S&P BSE Capital Goods index Gains 1.1%

Accumulate Finolex Cables, target price Rs 663: Geojit

Finolex Cables stock rises 4% as Geojit sees 14% upside, assigns ‘accumulate’ rating

Finolex Cables Share Price Rise; Geojit Sees 14% Upside

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