Finolex Cables Sees Surge in Trading Activity Amid Strong Investor Engagement
Opening at Rs 843.0, Finolex Cables reached an intraday high of Rs 949.95, marking a notable increase of 13.22% during the trading session. The stock has demonstrated a strong performance, outperforming its sector by 10.86% and achieving a 12.23% return for the day. Over the past two days, it has gained 13.67%, indicating a positive trend.
The stock has traded within a wide range of Rs 106.95 today, with a last traded price of Rs 947.0. It is currently positioned above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. Additionally, the delivery volume has increased by 5.32% compared to the 5-day average, highlighting rising investor participation.
With a market capitalization of Rs 14,401.53 crores, Finolex Cables continues to show robust liquidity, making it a notable player in the mid-cap segment of the market. Overall, the stock's performance today reflects strong trading dynamics and investor engagement.
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