Finolex Cables surges on launching electric irons
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Finolex Cables is currently trading at Rs. 551.20, up by 5.30 points or 0.97% from its previous closing of Rs. 545.90 on the BSE.
The scrip opened at Rs. 535.65 and has touched a high and low of Rs. 556.00 and Rs. 535.65 respectively. So far 13958 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 593.90 on 30-Nov-2022 and a 52 week low of Rs. 344.00 on 19-May-2022.
Last one week high and low of the scrip stood at Rs. 565.15 and Rs. 535.65 respectively. The current market cap of the company is Rs. 8413.19 crore.
The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 28.05% and 36.03% respectively.
Finolex Cables has launched electric irons on January 5, 2023 for domestic market. The names of the products are Slinky 1600W, Cupid 1000W, Maglev 1000W, Quinto 1000W, Fionn 1000W and Fionn 750W. These electric irons come under small domestic appliance category.
Finolex Cables is India's largest and leading manufacturer of electrical and telecommunication cables.
