India's Finolex Cables hits record high after Q4 profit rise

** Shares of Finolex Cables FINCABLES rise as much as 19.2% to hit record high at 1,363.30 rupees

** Stock marks sharpest intraday pct gain since Nov. 8, 2012

** FNXC on Thursday before markets closed reported 6.3% Y/Y rise in Q4 consol net profit while rev from ops grew 14.4% Y/Y

** Co also declared a dividend of 8 rupees per share

** Jefferies, while maintaining its "buy" rating on the stock, has raised it TP to 1,390 rupees from 1,230 rupees

** Stock is witnessing its most active trading session since May 25, 2021 with more than 5.5 mln shares change hands, 16.7x of 30-day avg

** Avg rating of 5 analysts equivalent of "strong buy", median PT is 1,130 rupees - LSEG data

** Stock up 22.5% YTD