Bansal Wire Industries Ltd saw its shares jump 4% after DAM Capital initiated coverage with a ‘Buy’ rating and a target price of ₹481 per share. The brokerage firm cited Bansal Wire’s strong market position and ambitious expansion plans as key growth drivers. As of 9:18 AM, the shares were trading at 3.55% higher at Rs 400.70
Bansal Wire is currently India’s second-largest player in the steel wire segment and the largest in the stainless-steel wire category. The company is undergoing a massive 62% capacity expansion, which is expected to significantly scale up operations and improve profitability in the coming years.
According to DAM Capital, Bansal Wire is well-positioned to benefit from rising demand across sectors. The firm forecasts a robust financial outlook with a projected compound annual growth rate (CAGR) of 31% in revenue, 35% in EBITDA, and 38% in profit after tax (PAT) over FY25–FY27. These estimates are based on higher capacity utilization and contributions from new facilities.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
