Finolex Cables hits 20% upper circuit on Q2 profit jump

Finolex Cables rose 20% to ₹1,309.2 on 8 November 2026 after Q2 profit grew 68%, rebounding from a rising trendline. Finolex Cables Limited [ FINCABLES ] jumped 20% to ₹1,309.2 and locked the upper circuit in the Muhurat session on 8 November 2026. The previous close was ₹1,091. The rally followed Q2 FY27 results on 7 November. Net profit rose about 68% to ₹273 crore. Revenue grew about 65% to ₹2,269 crore. Operating margin improved to about 13.6%. The stock had fallen nearly 26% in a month and reached its rising trendline near the ₹1,050 support. It opened with a gap-up at ₹1,222. The low of ₹1,187.7 left the gap open. Volume was 5.17 million shares, far above recent days. The daily Relative Strength Index rose to 55.11 from near 30. The uptrend since February stays intact above the rising trendline. What next: Traders may watch ₹1,340 as the first hurdle. A close above it may open the way to ₹1,500, near the recent high. A close below ₹1,050 may weaken the setup. The next session will show whether buyers hold the gap. Conclusion: Strong results and a trendline bounce support the recovery, but one session needs follow-through. The stance stays neutral. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.