India's Bansal Wire jumps on Q2 profit surge

Bansal Wire Industries

12/11/2024 08:24

** Shares of Bansal Wire Industries  BANW.NS  climb as much
as 9.6% to 448 rupees, their highest in over a month 
** Steel wire maker's Q2 consol profit after tax
more-than-doubled to 400.6 mln rupees ($4.8 mln)
** Higher profit on strong demand and progressive operations
from Dadri facility, co said
    ** Adds strong order inflows to continue into H2FY25 
    ** Stock eyes busiest trading session since late-September,
volumes at 3.7x the 30-day avg 
    ** BANW last up 4.8%, it has gained 22% since debut on July
10 
     
     
     
    ($1 = 84.3820 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)
((mailto:Manvi.Pant@thomsonreuters.com; +918447554364;))