The wires and cables industry is doing well. Demand is rising, especially for high-voltage cables. Several factors are driving this growth.
Telecom companies need strong cables for fast data transmission. Power distributors require dependable solutions to handle the increase in electricity demands. The oil and gas sector depends on high-voltage cables for smooth operations. The aerospace and defense industry also needs high-performance cables.
This rise in demand for quality wires and cables is expected to play a significant role in pushing the industry forward in the next few years.
Finolex Cables, an important player in this market, is showing this positive trend.
Today, the stock jumped over 6% today. Here's what's powering the rally.
According to media reports, shares of wire & cable (W&C) companies are in demand today, with Finolex Cables surging 6% on expectations of a healthy business outlook.
W&C companies reported strong revenue and EBIT growth in the December 2025 quarter (Q3), driven by a significant rise in commodity prices and an increase in volume growth.
The management of many companies noted signs of recovery in consumption. This improving demand is expected to lead to an increase in private capital expenditure, along with ongoing public investment, which gives strong confidence in India's growth outlook.
W&C companies are seeing strong demand for their products from various end-user industries that benefit from government infrastructure development activities, such as urban and rural electrification, refinery expansion and upgrades, solar power projects, tunnelling and ventilation projects on highways, and railway and metro rail projects.
This can be one of the main reasons why the share price is rising.
Moving forward, data centers are expected to have a major impact on telecom operations and the company's power cable business. Since data centers are large consumers of electricity, they will need a lot of power cabling along with fiber and land cables. This could grow the market for optic fiber products.
To get ready for the expected rise in demand, Finolex Cables is integrating backwards in the supply chain by making glass preforms domestically. This step reduces reliance on imports and improves self-sufficiency. Right now, all preforms are imported. With this change, the company will become only the second domestic manufacturer after Sterlite.
Finolex Cables has also launched new technologies to enter smart homes and eco-safe product categories. The addition of e-beam technology and high temperature processing capabilities positions the company to tap into the growing electric vehicle (EV) sector, where advanced materials and cables are critical.
The expansion is not only strengthening its technology base but is also creating a new growth avenue aligned with the EV ecosystem.
How Finolex Cables Shares Have Performed Recently
In the past five trading sessions, Finolex Cables shares jumped by 13%, extending its one-month rally to 29%.
The stock touched its 52-week high of Rs 1,028.45 on 3 June 2025 and its 52-week low of Rs 701 on 27 January 2026.
About Finolex Cables
Finolex Cables is India's largest manufacturer of electrical and telecommunication cables. It has recently diversified into the fast-moving electrical goods (FMEG) segment to become a complete electrical products company.
It is the flagship company of the Finolex group, established in 1958. The company also manufactures polyvinyl chloride sheets for roofing, signage, and interiors.
The company has scaled up manufacturing facilities to meet the evolving demand and enhance operational efficiencies. It has also made significant investments in cutting-edge technologies to propel growth.
For more details about the company, you can have a look at Finolex Cables' factsheet and Finolex Cables' quarterly results on our website.
For a sector overview, read our engineering sector report.
You can also compare Finolex Cables with its peers.
Finolex Cables vs Dynamic Cables
Finolex Cables vs KEI Industries
Finolex Cables vs Polycab India
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
Happy Investing.
Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
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