India's Bharat Wire Ropes hits record high on 97% surge in Q1 profit

Bharat Wire Ropes

26/07/2023 08:34

** Shares of Bharat Wire Ropes  BHWR.NS  jump as much as
6.64% to reach record high of 225 rupees
    ** Co's Q1 profit surges 97%, while revenue up over 19%
    ** Stock on track for fourth straight session of gains
    ** Stock trading above 50-day, 100-day and 200-day
exponential moving averages since March 9
    ** More than 3 mln shares changed hands by 1:02 p.m. IST, 5x
30-day avg
    ** Including session's gains, stock soared ~113% so far this
year 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))