Groups
BHARATWIRE
✅Promoters increasing stake from last 3 quarter
✅The company expects ~10% volume growth in the coming year
✅Business :
-harat Wire Ropes Ltd. manufactures steel wire ropes, slings, and strands for industries like oil and gas, mining, construction, and shipping.
– he company expects ~10% volume growth in the coming year, supported by an expanding market and government projects, despite recent profit declines.
✅Fundamental :
– Undervalued based on P/E ratio
– Reported highest revenue in last 13 quarter
– Achieved the highest year-on-year sales growth in the past seven quarters.
-Promoters buying from last 3 quarter
✅Technical :
– Trend line breakout
– Highest single-day trading volume since July 2023
– Looking good above 226 with support 189 on closing basis
