Finolex Cables Ltd
FINCABLES

415.60

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Turnover (lac)
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Day's Vol.(shares)

415.35

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Turnover (lac)
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Accumulate
Reco. Price
Rs 394.00

Last updated on 22-Nov-2016

We recommend an Accumulate on the stock on the back of volume uptick driven by expansion in product mix. This will lead to 11% CAGR growth over FY16-19E. We see limited upside to P/E of 24.3x on FY2017E EPS. (Target Price – Rs.424)
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50 DMA (.)
426.32
100 DMA (.)
416.84
200 DMA (.)
352.74
Weekly Range (.)
396.70
423.50
Monthly Range (.)
355.00
445.00
52 Weeks Range (.)
202.20
463.95
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