Bharat Wire Ropes is currently trading at Rs. 127.60, up by 14.05 points or 12.37% from its previous closing of Rs. 113.55 on the BSE.
The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 129.55 and Rs. 115.00 respectively. So far 341095 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.55 on 19-Dec-2017 and a 52 week low of Rs. 50.85 on 19-Dec-2016.
Last one week high and low of the scrip stood at Rs. 129.55 and Rs. 102.80 respectively. The current market cap of the company is Rs. 570.89 crore.
The promoters holding in the company stood at 40.23%, while institutions and non-institutions held 2.56% and 57.21% respectively.
Bharat Wire Ropes has booked approximately Rs 48 crore orders from various exports and domestic market. The company has received majority of orders from renowned European customers.
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.
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