Archive · 3 Jun 2025
Finolex Cables Stock Rises on Jefferies' Positive Outlook
Imagine a company called Finolex Cables, which makes cables for houses and other buildings.
A financial company called Jefferies thinks this company's stock price will go up, maybe by 28%!
They say this because Finolex is doing well in the housing and construction market.
Plus, the company already increased prices and expects more business from things like 5G and data centers.
Jefferies also says the company's profits are expected to grow.
On one day, the stock went up by 7%.
Overall, many experts are recommending to buy this stock.
Finolex Cables shares rose up to 7% on Tuesday, June 3.
Jefferies projects a 28% upside for the stock and raised its price target to ₹1,235.
Jefferies maintains a 'buy' rating on Finolex Cables.
The company is seen as a good investment in the housing and construction market.
Finolex Cables' Profit After Tax (CAGR) could grow from financial year 2025-2028.
- Who
- Shares of Finolex Cables gained after Jefferies issued a buy rating.
- What
- Finolex Cables shares increased following a positive outlook from Jefferies.
- When
- June 3, 2024
- Where
- N/A
- Why
- Jefferies sees growth potential in the company, especially in housing and construction.
- Jefferies' Price Target
- ₹1,235
- Intraday High
- 7%
- Projected Upside
- 28%
- Previous Closing Price
- ₹959.35
- Number of Analysts with a Buy rating
- 5
- Stock decline YTD
- 16%