# Finolex Cables jumps 6% on Q1 results, Jefferies raises target 2026-08-13T00:42:07+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Finolex Cables shares closed nearly 6 per cent higher at Rs 1,278.90 on the BSE after hitting a fresh 52-week high of Rs 1,375. The rally followed strong Q1 results that beat estimates. The company reported a 59.4 per cent year-on-year jump in standalone net profit to Rs 221.28 crore, while revenue from operations rose 44.2 per cent to Rs 2,013.15 crore. Jefferies has maintained its 'accumulate' rating on the stock and raised its target price to Rs 1,410 from Rs 1,200. The brokerage said the electricals segment, including cables and wires, saw strong sales and EBIT growth driven by multiple price hikes over the past year. It expects margin benefits from backward integration to kick in from Q3FY27. ## Coverage - thehindubusinessline.com Tags: Finolex Cables, Jefferies, Q1 results, stock market, target price Canonical: https://indianopinion.org/finolex-cables-jumps-6-on-q1-results-jefferies-raises-target/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/finolex-cables-jumps-6-on-q1-results-jefferies-raises-target/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.