The long-term outlook is bullish for Finolex Cables (₹1,164). The stock has found a strong bottom around ₹700 in January and has risen sharply thereafter. It has been oscillating between ₹960 and ₹1,185 for more than a month. A cluster of supports is there in the ₹1,000-₹900 region. We expect a bullish breakout above ₹1,185, which could take the stock to ₹1,400-₹1,500 over the next few months.

From a long-term perspective, there is potential for Finolex Cables’ share price to target ₹2,000 over the next couple of years, or even earlier. Long-term investors can buy Finolex Cables shares now at ₹1,164. Accumulate on dips at ₹1,040. Keep the stop-loss at ₹820. Trail the stop-loss up to ₹1,340 as soon as the price reaches ₹1,580. Revise the stop-loss further higher to ₹1,620 and ₹1,840 when the price touches ₹1,740 and ₹1910 respectively. Exit the stock at ₹1,980.

Published on June 21, 2026