Finolex Cables Shares Fall Over 5% After Muhurat Trading Surge; Strong Q2 Results Fail To Sustain Rally

  • Posted: 09 Nov 2026, 12:19 PM IST
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Finolex Cables Shares Fall Over 5% After Muhurat Trading Surge; Strong Q2 Results Fail To Sustain Rally
Finolex Cables shares decline after a 20% Muhurat trading rally despite strong Q2 results.
Summary

Finolex Cables shares fell over 5% on 9 November 2026, following a 20% Muhurat trading rally. The decline came despite strong September quarter results, with net profit rising 68% and revenue increasing 65%.

Finolex Cables shares came under selling pressure on Monday, 9 November, after jumping nearly 20% during the previous day's Muhurat trading session.

The stock fell more than 5% in early deals, giving up part of the gains recorded after the company announced its September quarter results.

At around 12:14 am, the Finolex Cables shares were trading at ₹1,238.80 on the National Stock Exchange (NSE), down 5.29% from their previous close of around ₹1,309.

Finolex Cables Reports 68% Rise In Q2 Profit

Finolex Cables reported a 68% year-on-year increase in consolidated net profit to ₹273 crore for the September quarter. The company had posted a profit of ₹162 crore during the corresponding period last year.

Revenue from operations rose 65% to ₹2,269.3 crore, against ₹1,375.8 crore in the year-ago quarter. The increase was accompanied by a sharper improvement in operating earnings.

Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹311.1 crore from ₹145 crore a year earlier. This represents an increase of approximately 114.6%.

The company's EBITDA margin expanded by 320 basis points to 13.7%, compared with 10.5% in the corresponding quarter last year. The company generated approximately ₹13.70 in EBITDA for every ₹100 of revenue.

The quarterly performance showed stronger sales growth alongside improved operating profitability. The results preceded the sharp rise in Finolex Cables shares during the Muhurat trading session.

Finolex Cables Share Price And 52-Week Range

Despite Monday's decline, Finolex Cables has gained more than 60% since the beginning of 2026. Its recent performance has been less favourable. The stock has lost around 9.27% over the past month.

Finolex Cables has recorded a 52-week high of ₹1,499 and a low of ₹700.80. The stock's reported price-to-earnings ratio stood at 18.33.

Also Read - NSE Changes Stock Market Closing Rules From 7 December: New 10-Minute Closing Auction Session And F&O Expiry Settlement Explained

This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer

About the Author
Vishwa Ved
Vishwa Ved

Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.

At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.

When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.

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