India's Finolex Cables hits two-week high on upbeat FY2027 growth outlook
BUZZ-India's Finolex Cables hits two-week high on upbeat FY2027 growth outlook ** Electrical and communication cables maker Finolex Cables' shares FNXC.NS rise as much as 4.1% to 1,099 rupees, their highest in two weeks
** The move follows management's comments to CNBC-TV18 on Wednesday that the company is targeting sustained double-digit growth in its core electrical cables business in financial year 2027
** FNXC also expects revenue from its fast-moving electrical goods segment to rise to 4 billion rupees in FY2027 from 2.7 billion rupees in FY2026
** Commentary reinforces expectations of steady demand in the company's mainstay cables business and improving traction in its consumer electricals portfolio
** FNXC shares are up 45.4% so far in 2026, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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Brief: Finolex Cables Ltd Says June-Quarter Consol Net Profit 2.49 Billion Rupees