Key Events This Week
29 Dec 2025: Stock opens sharply lower at Rs.742.60 (-3.15%)
30 Dec 2025: Continued decline to Rs.731.55 (-1.49%)
31 Dec 2025: Rebound to Rs.749.60 (+2.47%) amid positive technical signals
1 Jan 2026: MarketsMOJO upgrades rating to Hold; stock surges 4.91% to Rs.786.40
2 Jan 2026: Slight pullback to Rs.783.00 (-0.43%) as week closes
29 December 2025: Sharp Opening Decline Amid Broader Market Weakness
Finolex Cables began the week on a weak note, closing at Rs.742.60, down 3.15% from the previous Friday’s close of Rs.766.75. This decline outpaced the Sensex’s 0.41% drop to 37,140.23, reflecting sector-specific pressures and cautious investor sentiment. The stock’s volume was relatively low at 6,051 shares, indicating subdued trading interest amid the holiday season. The initial sell-off set a challenging tone for the week, with the stock testing support levels near Rs.740.
30 December 2025: Continued Downtrend with Marginal Losses
The downward momentum persisted on 30 December, with Finolex Cables slipping further to Rs.731.55, a 1.49% decline. The Sensex remained almost flat, edging down 0.01% to 37,135.83, highlighting the stock’s relative underperformance. Trading volume increased to 15,209 shares, suggesting some accumulation by value-oriented investors at lower price points. The stock’s technical indicators remained bearish, with daily moving averages still exerting downward pressure.
31 December 2025: Rebound Begins as Technical Momentum Shifts
On the final trading day of 2025, Finolex Cables reversed course, gaining 2.47% to close at Rs.749.60. This recovery coincided with a broader market rally, as the Sensex surged 0.83% to 37,443.41. The stock’s volume moderated to 7,306 shares. Technical momentum indicators began to show signs of improvement, with the weekly MACD turning mildly bullish and the Know Sure Thing (KST) indicator supporting a short-term uptrend. This shift suggested a potential stabilisation after the prior days’ declines.
This week's revealed pick, a Large Cap from Public Banks with TARGET PRICE, is already showing movement! Get the complete analysis before it's too late.
- - Target price included
- - Early movement detected
- - Complete analysis ready
1 January 2026: MarketsMOJO Upgrade Spurs Strong Rally
The new year opened with a significant positive catalyst as MarketsMOJO upgraded Finolex Cables Ltd. from a 'Sell' to a 'Hold' rating. This upgrade was based on a comprehensive reassessment of the company’s financial and technical profile, highlighting stable fundamentals, attractive valuation, and a shift in technical momentum from bearish to mildly bearish. The stock responded strongly, surging 4.91% to close at Rs.786.40 on robust volume of 26,177 shares. This marked the week’s highest closing price and reflected renewed investor interest amid cautious optimism.
The upgrade emphasised Finolex’s conservative capital structure with zero debt, a price-to-book ratio of 2, and respectable return on capital employed (ROCE) of 15.10% for the half-year period. Despite flat recent financial performance and a decline in cash reserves to ₹54.94 crores, institutional ownership remained strong at 25.78%, providing a stabilising influence. Technical indicators such as weekly MACD and KST turned mildly bullish, while daily moving averages remained bearish, signalling a tentative recovery phase rather than a confirmed uptrend.
2 January 2026: Slight Pullback as Week Closes
Finolex Cables ended the week with a minor retreat of 0.43%, closing at Rs.783.00 on a volume of 24,929 shares. The Sensex continued its upward trajectory, gaining 0.81% to 37,799.57. The slight pullback reflected profit-taking after the previous day’s rally and the persistence of mixed technical signals. While weekly momentum indicators remained mildly positive, monthly MACD and Bollinger Bands continued to suggest caution. The stock’s position below key daily moving averages indicated resistance to further near-term gains.
Finolex Cables Ltd. or something better? Our SwitchER feature analyzes this small-cap stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Daily Price Performance: Finolex Cables vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.742.60 | -3.15% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.731.55 | -1.49% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.749.60 | +2.47% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.786.40 | +4.91% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.783.00 | -0.43% | 37,799.57 | +0.81% |
Key Takeaways: Balanced Signals Amid Mixed Momentum
Positive Factors: The MarketsMOJO upgrade to Hold reflects improved valuation and technical trends, with a conservative capital structure and strong institutional ownership providing stability. The stock’s weekly MACD and KST indicators have turned mildly bullish, supporting a tentative recovery after recent weakness. The 2.12% weekly gain outperformed the Sensex’s 1.35%, signalling relative strength in a challenging environment.
Cautionary Signals: Despite the upgrade, recent financial performance remains flat with operating profit growth slowing and cash reserves declining. The stock trades below key daily moving averages, and monthly technical indicators remain bearish, suggesting resistance to sustained upside. The cables electrical sector’s cyclical nature and raw material cost pressures continue to weigh on sentiment. Volume trends indicate cautious participation, with profit-taking evident at higher levels.
Conclusion: A Tentative Recovery in a Challenging Environment
Finolex Cables Ltd. demonstrated resilience in the week ending 2 January 2026, recovering from early losses to close with a modest gain that outpaced the broader market. The MarketsMOJO upgrade to Hold and a shift in technical momentum provided key catalysts for the rally, signalling cautious optimism among investors. However, mixed financial results and persistent bearish monthly indicators counsel prudence. The stock remains in a consolidation phase, with critical resistance near Rs.786 and support around Rs.708. Investors should monitor upcoming quarterly results and broader sector developments to assess whether this tentative recovery can evolve into a sustained uptrend.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today
