Company updateNDTV Profit
Finolex Cables Cuts House Wire Prices By 3%
Positive+20
GreyOak summary
Finolex Cables reduced prices for light-duty and communication cables by 3% effective November 13, citing lower copper costs and a stronger rupee. The company reported a 67.5% profit jump in Q2 FY27. Industry peers Polycab and RR Kabel are expected to follow suit.
What it affects
- Finolex CablesFINCABLESPositive +20
Cut house wire prices by 3%.Rolling sentiment Positive +45
Source
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