India's Bansal Wire Industries jumps on stronger quarterly results

Bansal Wire Industries

29/04/2026 09:33

** Shares of India's Bansal Wire Industries BANW.NS jump as much as 4.75% to 318 rupees; last up 2.6%

** The stainless steel wire manufacturer reported quarterly revenue from operations up ~20.9% y/y at 11.36 billion rupees ($119.88 million), driven by higher sales volumes

** Net profit rose 21% y/y to 400.7 million rupees

** Trading vols nearly 4.5x the 30-day average

** BANW rated "strong buy" on average by four analysts, median PT: 397 rupees - data compiled by LSEG

** YTD, stock up ~1.7%

($1 = 94.7600 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))