Union Bank of India has bought 2.57 lakh shares of Bharat Wire Ropes through open market route. The shares were purchased on an average price of Rs 45.5 valuing the transaction to Rs 1.17 crore. On the other hand, T.J.STCXOK Broking has sold 2.5 lakh shares of the company for an average price of Rs 45.50 through open market route.
Bharat Wire Ropes is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is also engaged in the business of trading of the steel related products.
