Stock to buy, Sept. 14 -- Finolex Cables share price has surged nearly 16% in the last week. The wires and cables maker is likely to benefit from its backward integration, capacity build-out across fibre, and strong data centres-led OFC demand, highlighted InCred Equities in its latest report.

The brokerage is likely to see an upward revision once the Finolex Cables expanded capacities fall in place and ramp up to full utilisation.

The Mumbai-headquartered wires and cables firm is likely to sustain the premium to its historical average multiple, as per InCred Equities report. The brokerage also highlighted that the stock's "current valuation remains at a steep discount to most C&W and OFC peers".

Finolex Cables remain India's only wire...