NSE: FINCABLES · 9 November 2026
- Finolex Cables Ltd. (FINCABLES) shares declined sharply by 5.85% on Monday, closing at ₹1,232.40 after opening significantly higher with a gap-up of 21.26% at ₹1,323.00. The stock traded within a wide intraday range, touching a high of ₹1,324.00 before slipping to a low of ₹1,218.10.
- Finolex Cables Limited submitted its unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, to the stock exchanges. The financial statements, reviewed by statutory auditors Deloitte Haskins & Sells LLP, outline the company's revenue, expenses, and profitability metrics for the period.
- Trading volume was 10.79 times the 20-day average daily volume.
Why is Finolex Cables share price falling on 9 November 2026?
Finolex Cables Ltd. (FINCABLES) shares declined sharply by 5.85% on Monday, closing at ₹1,232.40 after opening significantly higher with a gap-up of 21.26% at ₹1,323.00. The stock traded within a wide intraday range, touching a high of ₹1,324.00 before slipping to a low of ₹1,218.10.
The broader market exhibited relative stability, with the Nifty rising by 0.06%. While the stock had registered a 5-day return of 8.10%, its 20-day return stood at -11.46%, reflecting underlying medium-term weakness. The intense selling pressure observed during the session erased the initial gap-up opening gains and pushed the share price below its previous close of ₹1,309.00.
Company disclosures from recent board meetings show that Finolex Cables submitted its financial results for the period ended September 30, 2026, and also amended its Code of Conduct to regulate trading by designated persons under SEBI regulations. Additionally, recent business media reports have highlighted broader industry pressures, including copper price volatility impacting cable manufacturers. While these updates provide operational context, the sharp intraday reversal appears primarily driven by heavy selling pressure and profit-taking following the initial gap-up.
68.30 lakh shares traded by 9 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 6.33 lakh shares (10.79 times). The five-day average daily volume was 6.03 lakh shares. Separately, the NSE report for 9 November 2026 showed 10.13 lakh shares delivered, representing 14.83% of that day’s traded volume. The same report recorded 218,329 trades.
The stock opened with a sharp 21.26% gap-up but encountered heavy selling pressure throughout the session, pulling the price down by 5.85% on elevated volume. While recent financial results and broader sector headwinds regarding copper prices provide general context, the price action reflects aggressive profit-taking and distribution from opening highs.
Latest Company Developments
Finolex Cables Limited submitted its unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, to the stock exchanges. The financial statements, reviewed by statutory auditors Deloitte Haskins & Sells LLP, outline the company's revenue, expenses, and profitability metrics for the period.
Financial results provide essential metrics regarding revenue growth, margins, and profitability that dictate the company's fundamental valuation.
The Board of Directors approved amendments to the company's Code of Conduct to regulate, monitor, and report trading by designated persons pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The revised framework became effective immediately upon approval.
Updates to governance policies ensure regulatory compliance and maintain transparent monitoring of insider transactions.
Following approval at the 58th Annual General Meeting held on September 28, 2026, the company formalized the re-appointment of several independent and non-executive directors, alongside whole-time directors including Mr. Ratnakar Prakash Barve for a second five-year term.
Board continuity and governance stability are vital for long-term strategic execution and operational leadership.
Finolex Cables Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Finolex Cables Shares Fall 5% After Rallying 20% In Muhurat Trading; Q2 Results In Focus NDTV Profit
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 12.44% on 30 September 2026. This compares with 11.10% on 30 June 2026, a change of +1.34 percentage points.
The filing reported 33 MF/UTI holders.
Research & Brokerage Views
Jefferies retained its 'Buy' rating following earlier corporate updates, noting positive operational visibility in the cables segment.
Historical Bulk / Block Deals
What to Watch Next
- Sustainability of trading volumes relative to the 20-day average of ~6.8 million shares
- Price action around immediate technical support near the day's low of ₹1,218.10
- Execution of order pipelines in electrical and communication cable segments
- Management commentary regarding raw material cost pressures such as copper pricing
Other Dated Coverage
- Finolex Cables Share Price Falls 8.33% Intraday, Closes 7.09% Lower | 6 November 2026 — 6 November 2026
- Finolex Cables Share Price Today: Falls 16.65% in 5 Trading Sessions | 26 October 2026 — 26 October 2026
More Finolex Cables news and dated analysis →
Frequently Asked Questions
What is the latest Finolex Cables company news?
Finolex Cables Limited submitted its unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, to the stock exchanges. The financial statements, reviewed by statutory auditors Deloitte Haskins & Sells LLP, outline the company's revenue, expenses, and profitability metrics for the period.
How strong was Finolex Cables’s trading volume?
68.30 lakh shares traded, 10.79 times the 20-day average daily volume. The price and volume data are dated 9 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.