Thacker told CNBC-TV18, "I have bought Finolex Cables with a target of Rs 68 though the stock price is looking excellent on weekly and monthly charts, the technical setup is very positive. But yesterday also we saw strong buy signal generated as the price moved up and recorded strong gains. Also is the fact that we have seen good jump in delivery volumes over the last few days which suggests strong accumulation."
Finolex Cables trailing 12-month (TTM) EPS was at Rs 3.83 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 16.44. The latest book value of the company is Rs 42.05 per share. At current value, the price-to-book value of the company was 1.5. The dividend yield of the company was 0.95%.
