The Economic Times daily newspaper is available online now.

    Buy Bharat Wire Ropes, target price Rs 136: HDFC Securities

    Synopsis

    Bharat Wire Ropes Ltd. key Products/Revenue Segments include Wire Ropes & Strands, Export Incentives, Scrap for the year ending 31-Mar-2022.

    buyAgencies
    Promoters held 36.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.03 per cent, DIIs 9.76 per cent.
    HDFC Securities has buy call on Bharat Wire Ropes with a target price of Rs 136. The current market price of Bharat Wire Ropes is Rs 126.05.

    Bharat Wire Ropes Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 807.81 Crore) operating in Metals - Ferrous sector.

    Bharat Wire Ropes Ltd. key Products/Revenue Segments include Wire Ropes & Strands, Export Incentives, Scrap for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 132.90 Crore, down -1.39 % from last quarter Total Income of Rs 134.77 Crore and up 69.63 % from last year same quarter Total Income of Rs 78.35 Crore. Company reported net profit after tax of Rs 12.04 Crore in latest quarter.

    Investment Rationale
    The pattern of volume and RSI indicates more upside for the stock price in the near term

    Promoter/FII Holdings
    Promoters held 36.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.03 per cent, DIIs 9.76 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in