Finolex Cables Sees Surge in Trading Activity Amid Strong Investor Participation

Finolex Cables Ltd., a prominent player in the cable industry, has emerged as one of the most active equities today, with a total traded volume of 3,019,772 shares and a total traded value of approximately Rs 292.63 crores. The stock opened at Rs 945.00 and reached a day high of Rs 988.00, reflecting a notable intraday performance. Currently, the last traded price stands at Rs 965.55, marking a 3.38% increase for the day.
Finolex Cables has outperformed its sector by 2.66%, continuing a positive trend with gains over the last three days, accumulating a total return of 17.03%. The stock's performance is supported by a significant rise in investor participation, with delivery volume on March 24 reaching 497,000 shares, a 139.77% increase compared to the five-day average.

In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. With a market capitalization of Rs 14,846.59 crores, Finolex Cables demonstrates sufficient liquidity for trading, with a trade size of Rs 8.64 crores based on 2% of the five-day average traded value. Overall, Finolex Cables Ltd. is showing strong performance metrics in the current market landscape.