Finolex cables soars post strong Q1, TP upgrade
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Finolex Cables Ltd. opened at a gap up and rallied 10.3% in early trade to a high of Rs 1,332.35 apiece on the NSE. The surge came after Jefferies raised the company's price target to Rs 1410 from Rs 1200 previously, while maintaining a 'buy' call on the stock.
Finolex posted spectacular earnings for the first quarter of financial year 2027, with net profit surging 53% year-on-year.
(This story will be updated shortly)
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