Finolex Industries Ltd

Stage 4 · Declining · week 13

As of 16 Oct 2026, Finolex Industries is in Stage 4 — declining, a downtrend, in week 13 (since 22 Jul 2026). It closed at ₹154, 20.8% below its 52-week high and below its 200-day average, which is falling. In Industrials, 26.3% of stocks are in Stage 2.

Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. More about the company

₹153.6
-0.72% today
₹9,500 Cr · Mid cap
Market Neutral — FadingIndustrials 26.3% in Stage 2-1.5 pts / 20dBuilding Products - Pipes 39.1%-8.7 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

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Is FINPIPE early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-20.8%
₹149.3 lo₹194 hi
20.8% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 13
1w13w26w
Week 13 — established downtrend
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-9.3%
200 DMA: ₹169.5 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
1.72x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -1.1% vs MA50 -3.2%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+1.7%
3M
-6.7%
6M
-11.1%
YTD
-8.4%
1Y
-21.1%
Sector
Industrials
↓ Peaking
Stage 2%
26.3%
20d Δ
-1.5pp
1M return
-0.9%
3M return
-2.4%
Sector Stage-2 % · last 20 days
Sector has 129 Stage 2 leaders. See Industrials Stage 2 →
Industry
Building Products - Pipes
↓ Peaking
Stage 2%
39.1%
20d Δ
-8.7pp
1M return
+2.8%
3M return
+11.6%
Industry Stage-2 % · last 20 days
Industry has 9 Stage 2 leaders. See Building Products - Pipes Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 16w
S2 32w
S4 24w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 16w → S3 9w → S2 32w → S3 10w → S2 3w → S3 3w → S4 24w → S1 11w → S4 4w → S3 1w → S2 3w → S3 6w → S4 12w → S1 6w → S4 10w → S1 5w → S4 12w current
Total tracked: 169 weeks across 17 stage runs.
Scan Membership
Breakout Watch
Latest: 2025-09-24
3 appearances in last 60 days. First seen: 2024-01-12.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S4
Wk 13 · Vol 1.72x
2026-10-15S4
Wk 12 · Vol 2.40x
2026-10-14S4
Wk 12 · Vol 0.60x
2026-10-13S4
Wk 12 · Vol 0.31x
2026-10-12S4
Wk 12 · Vol 0.40x
2026-10-09S4
Wk 12 · Vol 0.50x
2026-10-08S4
Wk 11 · Vol 1.31x
2026-10-07S4
Wk 11 · Vol 0.70x
2026-10-06S4
Wk 11 · Vol 1.09x
2026-10-05S4
Wk 11 · Vol 0.63x
2026-10-01S4
Wk 11 · Vol 0.88x
2026-09-30S4
Wk 10 · Vol 0.52x
Sector Peers — Stage 2All →
BHAGYANGR
wk 25 · 0.0% from hi
9.8
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHIVAUM
wk 28 · 0.0% from hi
8.4
SHREEJISPG
wk 17 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
Moving averages & range
50 DMA
₹156.5
200 DMA
₹169.5
52W High
₹194
52W Low
₹149.3
5D Low
₹151.3
Resistance levels (recent highs)
20d High
₹154.8
60d High
₹171.3
120d High
₹191.9
250d High
₹191.9
Next resistance
+0.7%
to 20d High
Ask the Market AI about FINPIPEAsk →
P/E (TTM)
19.8
Forward 19.9
Earnings Growth (YoY)
+59.0%
Revenue +15.2%
ROE
+9.7%
Profit margin +13.9%
Dividend Yield
1.12%
P/B 2.0
About this companyIndustrials· Building Products - Pipes

Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC Resin and PVC Pipes and Fittings. The company offers agriculture pipes and fittings; column pipes; casing pipes; and solvent cement and lubricants. It also provides plumbing and sanitation pipes and fitting, such as ASTM pipes and fittings; CPVC pipes and fittings; SWR pipes and fittings; sewerage pipes; and solvent cement, lubricant, and primer. The company distributes its products through dealers and retailers. Finolex Industries Limited was founded in 1956 and is based in Pune, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.