Currently at a market price of ₹521.8, Axis Securities has set a buy call on Finolex Cables, with a target price of ₹558, which will be touched in three weeks, according to analysts’ predictions. The Mid-cap company operating in consumer durables sector has its Key Revenue Segments as Electrical Cables, Cables, Others, Scrap and Copper Rods. By the end of the second quarter, the company has a total income of ₹ 1032.81 Crore, down by 14.42% from last quarter, however, up by 49.49% from last year’s same quarter.
