Bansal Wire Industries rises on launching new product ‘Bead Wire’
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Bansal Wire Industries is currently trading at Rs. 456.00, up by 4.05 points or 0.90% from its previous closing of Rs. 451.95 on the BSE.
The scrip opened at Rs. 457.25 and has touched a high and low of Rs. 458.00 and Rs. 450.55 respectively. So far 3813 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 502.20 on 09-Dec-2024 and a 52 week low of Rs. 325.05 on 23-Jul-2024.
Last one week high and low of the scrip stood at Rs. 461.40 and Rs. 437.80 respectively. The current market cap of the company is Rs. 7167.91 crore.
The promoters holding in the company stood at 77.99%, while Institutions and Non-Institutions held 17.83% and 4.18% respectively.
Bansal Wire Industries has launched its product at its new production facility at Dadri plant, Gautam Buddha Nagar in name of ‘Bead Wire’ on December 31, 2024. The said product will cater to domestic market.
Earlier, the company had commenced production of its specialty wire vertical, including product(s) such as Bead Wire, Hose Wire and Steel tyre Cord.
Bansal Wire Industries manufactures high and low carbon steel wires/ galvanized wire / cable armoring wires and strips / stainless steel wires / profile, shaped wires, speciality wires and so on which have multiple application.
