Key Events This Week
9 Feb: Technical momentum shifts to mildly bearish with cautious optimism
10 Feb: Q3 FY26 results reveal strong revenue growth but margin pressures
11 Feb: Minor price correction amid mixed market signals
12 Feb: Slight recovery despite Sensex decline
13 Feb: Week closes with a modest pullback at Rs.810.65 (-1.07%)
9 February: Technical Momentum Shifts Amid Mixed Market Signals
Finolex Cables began the week on a positive note, closing at Rs.792.85, up 2.63% from the previous close. This gain was accompanied by a notable shift in technical momentum from bearish to mildly bearish, reflecting a cautious improvement in investor sentiment. The stock outperformed the Sensex, which rose 1.04% to 37,113.23. Key technical indicators such as MACD and KST suggested short-term bullishness, while longer-term signals remained cautious. The stock’s price action indicated a consolidation phase, trading comfortably above its 52-week low but still below its 52-week high of Rs.1,059.05.
10 February: Strong Q3 FY26 Revenue Growth Counters Margin Pressures
On 10 February, Finolex Cables surged 4.23% to Rs.826.35, marking the week’s high. This rally was fuelled by the company’s Q3 FY26 results, which showcased strong revenue growth despite margin pressures. The robust topline performance reassured investors, offsetting concerns about profitability. The Sensex, meanwhile, posted a modest 0.25% gain to 37,207.34. The volume on this day spiked to 113,045 shares, signalling heightened investor interest. The mixed signals from the technical indicators persisted, but the earnings report provided a fundamental catalyst for the price advance.
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11 February: Minor Correction Amid Mixed Market Signals
The stock experienced a slight pullback on 11 February, closing at Rs.818.15, down 0.99%. This correction followed the strong gains of the previous two days and coincided with a modest Sensex rise of 0.13% to 37,256.72. The reduced volume of 38,413 shares suggested profit-taking and consolidation. Technical indicators remained mixed, with the weekly MACD mildly bullish but monthly trends still bearish. This day’s price action reflected a natural pause after the sharp advance, with investors digesting the recent earnings news.
12 February: Slight Recovery Despite Sensex Decline
On 12 February, Finolex Cables edged up 0.16% to Rs.819.45, showing resilience as the Sensex declined 0.56% to 37,049.40. The stock’s ability to hold ground amid broader market weakness highlighted underlying strength. Volume was relatively low at 20,783 shares, indicating cautious trading. Technical indicators continued to signal a consolidation phase, with Bollinger Bands suggesting subdued volatility but a slight downward bias. The stock remained near its daily moving averages, a critical level for potential breakout or breakdown.
13 February: Week Closes with Modest Pullback
The week ended with a modest decline of 1.07% to Rs.810.65 on 13 February, as the Sensex fell sharply by 1.40% to 36,532.48. The volume increased to 29,908 shares, reflecting renewed activity amid the market downturn. Despite the pullback, Finolex Cables closed the week with a strong overall gain of 4.93%, significantly outperforming the Sensex’s 0.54% loss. The mixed technical signals and recent earnings results suggest a watchful stance as the stock navigates a transitional phase.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.792.85 | +2.63% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.826.35 | +4.23% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.818.15 | -0.99% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.819.45 | +0.16% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.810.65 | -1.07% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Finolex Cables outperformed the Sensex by 5.47% over the week, driven by strong Q3 revenue growth and a technical momentum shift signalling potential stabilisation. The stock’s ability to hold gains despite market volatility and margin pressures indicates underlying resilience. The upgrade to a Hold rating by MarketsMOJO reflects this cautious optimism.
Cautionary Notes: Despite short-term bullish signals, longer-term technical indicators such as monthly MACD and Bollinger Bands remain bearish or mildly bearish, suggesting limited upside momentum. Margin pressures reported in Q3 could weigh on profitability, and the recent pullback on 13 February amid a broader market decline highlights sensitivity to external factors. Volume fluctuations indicate that investor conviction remains tentative.
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Conclusion
Finolex Cables Ltd. demonstrated a commendable weekly performance, gaining 4.93% amid a challenging market environment where the Sensex declined 0.54%. The stock’s trajectory was shaped by a technical momentum shift towards mild bullishness and a strong Q3 FY26 revenue report that masked margin pressures. While short-term indicators suggest potential for further stabilisation, longer-term technical signals counsel caution. The MarketsMOJO Hold rating aligns with this balanced outlook, positioning Finolex Cables as a stock in transition, warranting close monitoring as it navigates evolving sector dynamics and market conditions.
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