NSE: FINCABLES · 26 October 2026
- Finolex Cables has fallen 16.65% over 5 trading sessions; today's move is +4.99%.
- Following approval at the 58th Annual General Meeting held on 28th September 2026, the company formally intimated the exchanges regarding the re-appointment of independent directors Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman, alongside whole-time director Mr. Ratnakar Barve and non-executive director Mr. Nikhil Naik for a new five-year term.
- Trading volume was 1.59 times the 20-day average daily volume.
Finolex Cables share price: 16.65% decline over 5 trading sessions
Finolex Cables Ltd. shares advanced by 4.99% today, settling at ₹1,144.70 after moving between a day's low of ₹1,062.00 and a high of ₹1,150.00. The stock experienced a gap-down open of -2.49% from its previous close of ₹1,090.30 before staging a recovery.
In the broader market context, the Nifty index gained 0.68%, reflecting a positive market environment. Finolex Cables' advance today follows a sharp corrective phase where the stock had registered a 5-day return of -16.65% and a 20-day return of -22.97%, alongside prior session returns of -4.35% and -9.32% over the last two trading sessions.
While no new same-day corporate announcement directly triggered today's price action, the stock's movement coincides with recent operational updates shared during its 58th Annual General Meeting in late September 2026. Management had reported robust full-year financial results for FY 2025-26—including a 19% increase in operational revenue to ₹6,321 crore and an EBITDA of ₹868 crore—while highlighting strategic expansion into solar cables, optical fibre preform manufacturing, and a return to profitability for its Sumitomo joint venture, Finolex J-Power Systems.
10.29 lakh shares traded by 26 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 6.47 lakh shares (1.59 times). The five-day average daily volume was 10.91 lakh shares. Separately, the NSE report for 26 October 2026 showed 3.60 lakh shares delivered, representing 35.01% of that day’s traded volume. The same report recorded 71,735 trades.
The advance appears to reflect a technical recovery and bargain hunting after heavy selling pressure in prior sessions, supported by above-average volume, as no specific operational catalyst was disclosed today.
Latest Company Developments
Following approval at the 58th Annual General Meeting held on 28th September 2026, the company formally intimated the exchanges regarding the re-appointment of independent directors Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman, alongside whole-time director Mr. Ratnakar Barve and non-executive director Mr. Nikhil Naik for a new five-year term.
Ensures leadership continuity and governance stability across key board and executive positions.
Finolex Cables released the Chairman's speech delivered at its 58th AGM, highlighting a 19% growth in revenue to ₹6,321 crore and a 14% rise in net profit to ₹623 crore for the financial year 2025-26. Management detailed expansion vectors including optical fibre preform capacity scaling, increased E-beam solar cable manufacturing, and a ₹9 per share dividend payout.
Provides comprehensive operational context on capacity utilization, backward integration, and strategic growth drivers across electrical and communication segments.
'Machine Readable Form copy of Financial Results for June 26'.
Finolex Cables Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.
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
Retained a 'Buy' rating following earlier earnings outperformance, highlighting strong growth prospects in optical fibre cables and electrical segments.
Historical Bulk / Block Deals
What to Watch Next
- Execution and commercialization progress of Phase 2 optical fibre preform facility expansion
- Demand trends and capacity utilization in the E-beam solar cable manufacturing line
- Delivery volume trends against the 20-day average volume of 1.59x observed today
- Performance and order inflows for the Finolex J-Power Systems joint venture
More Finolex Cables news and dated analysis →
Frequently Asked Questions
What is the latest Finolex Cables company news?
Following approval at the 58th Annual General Meeting held on 28th September 2026, the company formally intimated the exchanges regarding the re-appointment of independent directors Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman, alongside whole-time director Mr. Ratnakar Barve and non-executive director Mr. Nikhil Naik for a new five-year term.
How strong was Finolex Cables’s trading volume?
10.29 lakh shares traded, 1.59 times the 20-day average daily volume. The price and volume data are dated 26 October 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.