Finolex Cables Ltd. Stock Shows Positive Trend, Outperforms Sector by 1.53%

Finolex Cables Ltd., a leading player in the cable industry, saw a positive trend in its stock performance on September 23, 2024. The stock gained 3.46% and closed at Rs. 1440.05, outperforming the sector by 1.53%. The stock has been on a consecutive rise for the last two days and has shown a 3% increase in returns during this period.

The day's high for Finolex Cables Ltd. was Rs. 1445.45, a 3.32% increase from its previous close. The stock's moving averages are also showing a positive trend, with it being higher than the 5-day, 20-day, 100-day, and 200-day moving averages. However, it is lower than the 50-day moving average.

In comparison to the Sensex performance, Finolex Cables Ltd. has outperformed with a 1-day performance of 4.09% compared to Sensex's 0.23%. However, in the last month, the stock has shown a -1.23% performance while Sensex has gained 4.50%.

MarketsMOJO has given a 'Hold' call for Finolex Cables Ltd. stock, indicating a neutral stance. The company, being a largecap player in the cable industry, has shown a positive trend in its stock performance and continues to be a strong player in the market. Investors can keep a close watch on the stock's performance in the coming days.