Finolex Industries hits over 10-month high; surges 8% on heavy volumes

The biggest drivers of growth in the Indian piping industry are the rising demand for the irrigation, water supply and sanitation sectors

Shares of Finolex Industries hit over 10-month high of Rs 190.95 as they rallied 8 per cent on the BSE in Wednesday's intra-day trade, in an otherwise subdued market, amid heavy volumes. The stock of the plastic products company was trading at its highest level since January 25, 2022. In comparison, the S&P BSE Sensex was down 0.61 per cent at 61,324 at 12:57 PM.

In the past one month, the market price of Finolex Industries has appreciated by 22 per cent as compared to 0.80 per cent rise in the benchmark Sensex index. The average trading volumes on