Finolex Cables (FINCABLES) surged nearly 14% today

$FINCABLES Finolex Cables (FINCABLES) surged nearly 14% today to a fresh 52‑week high of ₹1,374 after posting strong Q1FY27 results, with profit up 59% YoY and revenue up 44%. Global brokerage Jefferies has raised its target price to ₹1,410, citing margin expansion from optical fibre cables and upcoming backward integration benefits. 📊 Q1FY27 Financial Highlights Standalone Profit After Tax (PAT): ₹221.28 crore vs ₹138.82 crore last year (+59.4% YoY) Consolidated Net Profit: ₹249 crore vs ₹163 crore last year (+53% YoY) Revenue from Operations: ₹2,013 crore vs ₹1,396 crore last year (+44% YoY) EBITDA: ₹244 crore vs ₹136 crore last year (+79% YoY) EBITDA Margin: 12.1% vs 9.8% last year (+230 bps improvement) 📈 Segment Performance Cables & Wires (C&W): Revenue: ₹1,767 crore vs ₹1,206 crore last year Segment profit: ₹182 crore vs ₹117 crore last year Growth driven by multiple price hikes in past 12 months Communication Cables (Optical Fibre): Revenue: ₹176 crore vs ₹109 crore last year Segment profit: ₹52.5 crore vs ₹1.3 crore last year Biggest turnaround due to higher demand and better pricing FMEG (Fast-Moving Electrical Goods): Sustained positive EBIT, showing resilience in consumer appliances 📊 Market Reaction Stock Price: Hit intraday high of ₹1,374, closed near ₹1,348 3-Day Rally: Up 31% in last three sessions Trading Activity: 75.8 lakh shares traded, turnover ₹1,008 crore Institutional Interest: Delivery volumes surged 900% vs 5-day average, signaling strong long-term buying 🔮 Outlook Jefferies View: Maintains Accumulate/Buy rating Target price raised to ₹1,410 (from ₹1,200) Expects margin benefits from backward integration (manufacturing own raw materials) to reflect from Q3FY27 Strong growth momentum in both cables and communication segments Technical Strength: Trading above all key moving averages (5, 20, 50, 100, 200-day) Outperformed sector by ~10% today