Finolex Cables Ltd
FINCABLES

513.60

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

513.30

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Turnover (lac)
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Accumulate
Reco. Price
Rs 460.00
We recommend an ACCUMULATE on the stock on the back of volume uptick driven by expansion in product mix. Government initiative (digitalisation) will aid revenue growth in FY18E. We see limited upside at P/E of 28x on FY18E earnings. (Target Price - Rs.494)
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50 DMA (.)
443.97
100 DMA (.)
428.16
200 DMA (.)
417.05
Weekly Range (.)
458.00
494.50
Monthly Range (.)
430.00
494.50
52 Weeks Range (.)
255.50
494.50
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