Precision Wires India falls after Mideast conflict hits suppliers, delays rerouted exports

Precision Wires India

12/03/2026 09:35

** Shares of Precision Wires India Ltd PRWR.NS fall as much as 8.5% to 313.75 rupees, its biggest intra-day pct loss since Jan. 8

** Copper winding wires maker says intensifying conflict in the Middle East has begun to impact some domestic, overseas suppliers

** Adds, Middle East exports have been hit, rerouted shipments may incur higher costs, extended lead times

** Co also observing rising inflationary pressures across supply chain

** More than 1.3 mln shares traded as of 3:01 P.M. IST, less than their 30-day moving avg of over 1.8 mln shares

** PRWR last down 6.4%, cutting YTD gains to 44.7%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))