Finolex Cables shares jump 14% in Muhurat session after strong quarterly results
Finolex Cables reported 67.5% year-on-year profit growth for Q2 FY27 and 65% revenue growth. Its shares rose over 14% during the Muhurat trading session.
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what happened
According to Key Levels, Finolex Cables shares rose more than 14% on Sunday, November 8, during the special Muhurat trading session held for Diwali. The move followed the company's second-quarter FY27 report, which showed net profit up 67.5% year on year to Rs.273 crore from Rs.163 crore a year earlier.
Revenue rose 65% to Rs.2,269 crore, while EBITDA more than doubled, climbing 113% to Rs.311 crore. The company linked the growth to higher volumes in its electrical and communication cable businesses, including optic fibre cables, along with better realisations. It said the new fibre draw facility is progressing as scheduled and expects full capacity utilisation in FY27.
The stock touched an intraday high of Rs.1,247.95. Motilal Oswal analysts see resistance in the Rs.1,350-1,400 range, while SAHI highlights Rs.1,255 as a crucial level.
why it matters
The reaction matters beyond a single session: the shares fell 11.16% over the past month but are still up 58.38% year to date. Future moves will depend on whether the company can sustain its strong revenue and margin growth.
market impact
Finolex Cables shares: strong results and volume growth support the stock
- Finolex Cables shares pressure up — strong profit and revenue growth supports demand for the stock
tags
instruments
sources
- Finolex Cables shares jump 14% in Muhurat Trading 2026 Diwali session day - here's why | Stock up 59% YTD — Key levels, 8 November 2026 at 12:33 UTC
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