Should I buy finolex share?

Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it’s great to see Finolex Industries has grown its earnings per share at 46% per annum over the past five years.

Why did finolex share price drop?

Finolex Industries, engaged in the plastic products business, said the rationale behind the stock split is to improve the liquidity of the company’s shares in the stock market and also to make the same available to small investors. The company’s board in its meeting held on February 1 had approved the stock split.

Who owns finolex?

Finolex Group
Finolex Cables/Parent organizations
Pralhad P Chhabria, Founder and Chairman of the Pune-based Finolex group of companies, passed away at his residence today following a brief illness. He was 86. Born in Karachi, the Chhabria family migrated to India during partition.

Which stocks are going to split in 2021?

Does face value change when stock splits?

Stock split refers to split the face value of the shares of companies. Accordingly, in 1:10 split, shares of Rs. 10 face value may be reduced to face value of Re. However, the price of shares would also fall proportionately split but the total value of your holding remains the same.

Who made finolex?

In July 1945, two young brothers P.P. Chhabria and K.P. Chhabria came to Pune from Karachi in search of livelihood and within six months set up a small shop selling electrical cables.

Is finolex an Indian company?

Finolex Cables Ltd is an Indian manufacturer of electrical and telecommunication cables based in Pune, Maharashtra. It is the flagship company of the Finolex Group, established in 1958.

Are stock splits good?

Advantages for Investors One side says a stock split is a good buying indicator, signaling the company’s share price is increasing and doing well. While this may be true, a stock split simply has no effect on the fundamental value of the stock and poses no real advantage to investors.

What is the dividend yield of Finolex Cables?

The operating margin of Finolex Cables for the current financial year is 12.86 %. Dividend Yield: – It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Finolex Cables is Rs 5.50 and the yield is 1.10 %.

How many shares of Finolex IND are there?

FII/FPI have increased holdings from 2.28% to 2.73% in Mar 2021 qtr. Number of FII/FPI investors increased from 133 to 138 in Mar 2021 qtr. This represents current trend. Click here for disclaimer. Note : Support and Resistance level for the day, calculated based on price range of the previous trading day.

Which is the flagship company of Finolex Group?

Finolex Cables Ltd the flagship company of the Finolex Group was incorporated in the year June 05 1967. The Company is India’s leading manufacturer of electrical and communication cables. It started their operation with the manufacture of PVC insulated electrical cables for the automobile industry.

Who are the auditors for Finolex Cables?

Company has Deloitte Haskins & Sells LLP as its auditors As on 31-12-2019, the company has a total of 152,939,345 shares outstanding. Finolex Cables . Quick Links Please wait…