Positive impactResults
Finolex Cables shares jump 14% in Muhurat Trading 2026 Diwali session day - here's why | Stock up 59% YTD | Key levels
Mint 2 hrs ago·8 Nov 2026, 9:22 am
Finolex Cables shares surged 14% during the Muhurat Trading session on Diwali, driven by strong quarterly results. The company reported a 67.5% jump in net profit to ₹273 crore, with revenue climbing 65% to ₹2,269 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled, reflecting robust operational performance.
This rally has pushed the stock up 59% year-to-date, highlighting strong investor confidence. The growth was primarily fueled by higher cable volumes and better realizations in the communication segment. For investors, this signals a period of operational expansion, though market watchers should keep an eye on future volume trends and margin stability.
Excerpt from Mint
Finolex Cables shares rose 14% during Muhurat Trading after Q2 FY27 net profit climbed 67.5% to ₹ 273 crore, revenue increased 65% to ₹ 2,269 crore, and EBITDA more than doubled. Growth was driven by higher cable volumes and improved communication-segment realisations. Finolex Cables shares surged over 14% during…Read the original at Mint
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Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Finolex Cables (FINCABLES).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update for Finolex Cables. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
