Finolex Cables (India) Today
Finolex Cables is selling for 955.75 as of the 28th of April 2024. This is a -0.55 percent decrease since the beginning of the trading day. The stock's lowest day price was 942.0. Equity ratings for Finolex Cables Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of May 2022 and ending today, the 28th of April 2024. Click here to learn more.
Valuation
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Finolex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Finolex Cables' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Finolex Cables or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CFO CEO | BCom ACA |
| Business Concentration | Industrials, Electrical Equipment (View all Sectors) |
Finolex Cables Limited (FINCABLES) is traded on National Stock Exchange of India in India and employs 1,546 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 146.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Finolex Cables's market, we take the total number of its shares issued and multiply it by Finolex Cables's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Finolex Cables has 152.94 M outstanding shares.
Finolex Cables Limited has accumulated about 59.4 M in cash with 3.56 B of positive cash flow from operations.
Check Finolex Cables Probability Of Bankruptcy
Finolex Stock Against Markets
Picking the right benchmark for Finolex Cables stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Finolex Cables stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Finolex Cables is critical whether you are bullish or bearish towards Finolex Cables Limited at a given time. Please also check how Finolex Cables' historical prices are related to one of the top price index indicators.
Finolex Cables Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Finolex Cables stock to make a market-neutral strategy. Peer analysis of Finolex Cables could also be used in its relative valuation, which is a method of valuing Finolex Cables by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Finolex Cables Corporate Management
Elected by the shareholders, the Finolex Cables' board of directors comprises two types of representatives: Finolex Cables inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Finolex. The board's role is to monitor Finolex Cables' management team and ensure that shareholders' interests are well served. Finolex Cables' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Finolex Cables' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ullal Nayak | Vice Commercial | Profile | |
| Siddhesh Mandke | GM Secretary | Profile | |
| Gayatri Kulkarni | Assistant Officer | Profile | |
| Kamlesh Shinde | Assistant Officer | Profile | |
| Pravin Ahire | Senior Works | Profile |
How to buy Finolex Stock?
Before investing in Finolex Cables, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Finolex Cables. To buy Finolex Cables stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Finolex Cables. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Finolex Cables stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Finolex Cables Limited stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Finolex Cables Limited stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Finolex Cables Limited, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Finolex Cables Limited?
The danger of trading Finolex Cables Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Finolex Cables is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Finolex Cables. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Finolex Cables is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Finolex Cables information on this page should be used as a complementary analysis to other Finolex Cables' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Finolex Stock analysis
When running Finolex Cables' price analysis, check to measure Finolex Cables' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Finolex Cables is operating at the current time. Most of Finolex Cables' value examination focuses on studying past and present price action to predict the probability of Finolex Cables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finolex Cables' price. Additionally, you may evaluate how the addition of Finolex Cables to your portfolios can decrease your overall portfolio volatility.
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