The partnership seeks to improve the resilience and diversification of subsea communication infrastructure as India strengthens its position as a global digital and technology hub
Finolex Cables hit a new 52-week high of ₹1,398.55, gaining 3.4% on the BSE in Thursday's intra-day deals, and has surged 15% in the past four trading days.
Sterlite Technologies is targeting ₹20,000 crore revenue by the FY29 vs ₹4,750 crore FY26 - roughly 4x growth and EBITDA margin targeted to rise from 13% in FY26 to >27% in FY29.
With the past two-day rally to ₹1,375, Finolex Cables' market price has bounced back 96 per cent from its 52-week low of ₹701 touched on January 27, 2026.
R R Kabel share price: The stock price of the wires & cables company quoted higher for the third straight trading day, soaring 16 per cent during the period.
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
Thus far in the calendar year 2026, Apar Industries has outperformed the market by surging 67 per cent, as compared to 13.4 per cent fall in the BSE Sensex.
Infrastructure development, housing growth, electrification and the ongoing shift towards organized and compliant products continue to support the demand, said RR Kabel.
After completing the Sanand project and the strong demand in domestic and overseas markets, the KEI management is hopeful to grow more than 20% CAGR in next 3 to 4 years.
Considering change in mix analysts at YES Securities expect R R Kabel's margins to start inching up in the wires and cables segment and increased capacity to drive volume growth.
The brokerage has reiterated 'Buy' on Polycab India (target ₹9,110) and KEI Industries (target ₹4,960) and a 'Neutral' rating on Havells India (target ₹1,640) and R R Kabel (target ₹ 1,470)
Around 12 noon, Dynamic Cables shares were trading 5.58 per cent higher at ₹348.95 per share. By comparison, BSE Sensex was trading flat at 85,682.74 levels.
At 1:00 PM, JD Cables share price was trading 1.77 per cent higher at ₹155.50 per share. By comparison, BSE Sensex was trading 0.63 per cent lower at 81,805.20 levels.
Looking ahead, the management sees strong tailwinds from infrastructure spending, improving private sector investment, and momentum in the real estate sector.
Rising trend of energy consumption coupled with ongoing urbanisation and robust expansion of data centres and electric vehicles (EVs), the future growth trajectory of the C&W sector looks promising
