Key Events This Week
Jan 19: Stock opens at Rs.756.25, down 2.99%
Jan 20: Downgrade to Sell rating announced
Jan 21: New 52-week low of Rs.705.25 reached amid technical weakness
Jan 22: Minor recovery to Rs.727.70 (+2.00%)
Jan 23: Week closes at Rs.719.95 (-1.06%)
Why is Finolex Cables Ltd. falling/rising?
2026-01-22 01:07:24
Recent Price Movement and Market Context
Finolex Cables has been on a downward trajectory over the past week, shedding 8.08% compared to the Sensex’s modest 1.77% decline. The one-month performance is similarly weak, with the stock falling 9.17% against the Sensex’s 3.56% drop. Year-to-date, the stock has lost 4.75%, slightly worse than the benchmark’s 3.89% decline. The most striking underperformance is evident over the last year, where Finolex Cables has plummeted 30.02%, while the Sensex has gained 8.01%. This stark contrast highlights the stock’s struggles amid broader market gains.
On the day in question, the stock touched an intraday low of ₹704.5, marking a new 52-week low. This decline was in line with the cable sector’s fall of 2.08%, indicating sector-wide pr...
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Finolex Cables Ltd. Stock Falls to 52-Week Low of Rs.705.25
2026-01-21 11:59:34Finolex Cables Ltd. has touched a fresh 52-week low of Rs.705.25 on 21 Jan 2026, marking a significant decline in its share price amid a broader sectoral and market weakness. The stock has been on a downward trajectory for three consecutive days, shedding over 9% in returns during this period, reflecting ongoing pressures within the cables electricals sector.
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