Finolex Cables Ltd
FINCABLES

530.30

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

530.65

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Turnover (lac)
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Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 541.50
We recommend 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. The stock is trading at P/E of 26.6x on FY18E earnings. (Target Price- Rs.593)
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50 DMA (.)
479.58
100 DMA (.)
449.32
200 DMA (.)
432.20
Weekly Range (.)
529.00
551.90
Monthly Range (.)
462.35
572.80
52 Weeks Range (.)
264.70
572.80
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