India's Bansal Wire climbs on brokerage's 'buy' rating

Bansal Wire Industries

20/06/2025 08:43

** Steel wires maker Bansal Wire stock BANW.NS gains 2% to 380.2 rupees

** Brokerage Anand Rathi Research initiates with "buy", PT is 550 rupees, a nearly 48% premium on last close

** Says BANW will surpass market leader Tata Steel's TISC.NS by H1FY26 when it meets target capacity expansion of 0.679 million tons

** Expects 24% sales volume CAGR over FY25-27, driven by capacity expansions and cost-cutting measures like in-house raw material sourcing

** Co to log fastest growth in segment; consol installed capacity to rise nearly 23% over FY22-27 - brokerage

** Three brokerages' avg rating on stock is "strong buy", median PT is 450 rupees - data compiled by LSEG

** Stock down ~16% year-to-date

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))