Finolex Cables Receives 'Buy' Rating, Shows Promising Growth

Finolex Cables, a leading player in the cable industry, has recently received a 'Buy' rating from MarketsMOJO. This midcap company has shown promising results in the September quarter, with a significant growth in PBT and PAT. The company also boasts a low Debt to Equity ratio, indicating a strong financial position.
The technical trend of the stock has also improved, with multiple factors such as MACD, Bollinger Band, KST, and OBV showing a bullish trend. Moreover, the stock has a high institutional holding of 27.35%, indicating their confidence in the company's fundamentals.

In the past year, Finolex Cables has outperformed the market with a return of 91.70%, while the market (BSE 500) has only generated a return of 20.45%. This showcases the company's strong performance and potential for growth.

However, there are some risks associated with the stock. The company's long-term growth has been relatively poor, with a low annual growth rate in net sales and operating profit. Additionally, the stock is currently trading at a premium compared to its historical valuations, with a high price to book value and a PEG ratio of 1.4.

Despite these risks, Finolex Cables remains a strong player in the cable industry with a positive outlook. With its recent 'Buy' rating and strong financials, the company is poised for growth and could be a valuable addition to any investment portfolio.