BusinessPhoto: NDTV BusinessFinolex Cables Shares Drop 5% After 20% Diwali Rally; Q2 Results Strong
Finolex Cables shares fell over 5% on Nov 9 after surging nearly 20% during Diwali Muhurat trading on Nov 8. The stock traded at Rs 1,238.70, down 3.83% from the previous close. The company reported strong Q2 results with revenue up 65% to Rs 2,269.3 crore, net profit rising 68% to Rs 273 crore, and EBITDA more than doubling to Rs 311.1 crore, improving margins to 13.7%.
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