Finolex Cables hit 20%circuit after 68% jump in Q2 profit

Finolex Cables shares surged 20% to Rs 1,309 on 8 Nov 2026 after Q2 profit rose 67.8%. Support is at 1,076 and resistance at 1,374. Finolex Cables Limited [ FINCABLES ] shares hit the 20% upper price band on 8 November 2026 after its Q2 consolidated results. The stock opened at Rs 1,222, touched a low of Rs 1,187.70 and a high of Rs 1,309.20, and closed at Rs 1,309, up 19.98%. Profit rose 67.8% year on year to Rs 272.9 crore, against Rs 162.6 crore. Revenue jumped 64.9% to Rs 2,269.3 crore from Rs 1,375.8 crore. On the daily chart, the stock had corrected from its September-October high near Rs 1,500 and found support at the rising trendline around Rs 1,076, close to the 200-day SMA at 1,061. Today’s gap-up candle took price above the 100-day SMA at 1,215 and the 200-day SMA, while the close at 1,309 sits just below the 50-day SMA at 1,318. Volume was visibly higher than in recent sessions. In my view, the setup has turned positive while price holds above the 1,076 trendline support. A close above the 50-day SMA and the 1,374 resistance would bring a retest of the earlier high near 1,500 into focus. Failure to clear 1,374 could keep the stock in a range between 1,215 and 1,374, and a break below 1,076 would weaken the structure. Stance: bullish while 1,076 holds, with 1,374 as the key hurdle. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing."