Finolex Cables shares zoomed close to 14 per cent to hit a fresh 52-week high of ₹1,374 on the NSE, following strong Q1 results. The stock has rallied 29.6 per cent in the last two trading sessions, while Jefferies has maintained its accumulate recommendation and raised its target price to ₹1,410 from ₹1,200 after Q1 resultsFinolex Cables reported a 59.4 per cent y-o-y increase in standalone profit after tax to ₹221.28 crore in Q1FY27, compared with ₹138.82 crore in Q1FY26.Revenue from operations increased 44.2 per cent y-o-y to ₹2,013.15 crore in Q1FY27 from ₹1,395.52 crore in Q1FY26.Jefferies said Q1 posted a strong beat. The brokerage said electricals, including C&W, sales and EBIT growth was driven by multiple price hikes in the last 12 months.Jefferies said the key margin swing was in communication, mainly optical fibre cable prices and volumes.The brokerage expects the margin benefit of backward integration to accrue from Q3FY27 and said FMEG sustains positive EBIT.Jefferies has an accumulate recommendation on Finolex Cables and raised its target price to ₹1,410 from the earlier target of ₹1,200.Published on August 12, 2026