Finolex Cables shares fall 6.26% after 20% Muhurat rally
The cablemaker pared its Sunday gains as investors focused on upcoming second-quarter results.
The cablemaker pared its Sunday gains as investors focused on upcoming second-quarter results. Published 2026-11-09 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Finolex Cables shares fell 6.26% on Monday, erasing gains from a 20% upper-circuit rally during Sunday’s Muhurat Trading session. The decline came as market attention shifted toward the company’s upcoming second-quarter earnings report.
Muhurat gains reversed
Shares in Finolex Cables fell to 1,227 INR in the latest session, according to Yahoo Finance data. Trading volume reached 5,860,061 shares. Local media reported that the fall followed a 20% surge on Sunday, with some outlets noting the stock had risen 14% in the special Diwali trading session.
Economic Times reported that the Monday decline gave back some of the previous day’s upside. MSN cited investor focus on the second-quarter results as a key factor in the reversal. The company’s shares are now 17.2% below their 52-week high of 1,499 INR.
Profit growth fuels volatility
The recent volatility stems from strong underlying performance. MSN reported that second-quarter net profit for FY27 climbed 67.5% to ₹273 crore. Revenue also increased during the period, contributing to the 14% jump seen in the Sunday session.
Despite the profit growth, Falling Shares rates the stock Unstable. The stability rating reflects an annualised volatility of 63.6%, compared to 13.4% for the benchmark NIFTY 50. The stock has recorded 17 sessions with moves of 5% or more in the past six months.