Finolex Cables shares fall 5% after rallying 20% during Muhurat Trading session. More upside ahead?

Finolex Cables shares fell about 5% after having rallied roughly 20% during the Muhurat Trading session, the special one-hour trading window held on Diwali, according to the Economic Times. The reversal follows a sharp short-term run-up, suggesting the move reflects profit-taking and positioning after a concentrated burst of buying in a thin, low-volume session rather than a change in the company's fundamentals. Muhurat sessions typically carry wider bid-ask spreads and lower liquidity, which can amplify price swings in individual stocks and make intraday gains less reliable as a signal for subsequent sessions. Traders in cable and electrical-equipment names will watch the next regular-session volume profile and any follow-through in sector peers, along with the company's upcoming quarterly results, as the first real test of whether the holiday rally was sustained demand or a liquidity-driven spike.

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