Meanwhile, the S&P BSE Sensex was up 190.73 points, or 0.67%, to 28,495.98

On BSE, so far 22,000 shares were traded in the counter, compared with an average volume of 22,697 shares in the past one quarter. The stock hit a high of Rs 451.55 and a low of Rs 443.05 so far during the day.

The stock hit a 52-week high of Rs 472.15 on 13 February 2017. The stock hit a 52-week low of Rs 224.75 on 17 February 2016. The stock had outperformed the market over the past 30 days till 16 February 2017, rising 5.16% compared with the 3.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.5% as against Sensex's 8.23% rise.

The small-cap company has an equity capital of Rs 30.59 crore. Face value per share is Rs 2.

Armor Capital Partners LP sold 9.34 lakh shares of Finolex Cables at Rs 437 per share in a bulk deal on BSE yesterday, 16 February 2017.

Separately, SBI Mutual Fund bought 9.40 lakh shares of Finolex Cables at Rs 437 per share in a bulk deal on NSE yesterday, 16 February 2017. Armor Capital Partners LP sold 9.35 lakh shares of Finolex Cables at Rs 437 per share in a bulk deal on NSE yesterday, 16 February 2017.

Finolex Cables' net profit rose 37.77% to Rs 68.43 crore on 11.21% rise in total income to Rs 692.26 crore in Q3 December 2016 over Q3 December 2015.

Finolex Cables, the flagship company of the Finolex Group, is India's largest and leading manufacturer of electrical and telecommunication cables.