Bharat Wire Ropes is currently trading at Rs. 117.65, up by 0.45 points or 0.38% from its previous closing of Rs. 117.20 on the BSE.
The scrip opened at Rs. 118.00 and has touched a high and low of Rs. 120.00 and Rs. 117.35 respectively. So far 1292 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.00 on 11-Jan-2018 and a 52 week low of Rs. 73.50 on 07-Jun-2017.
Last one week high and low of the scrip stood at Rs. 126.35 and Rs. 115.00 respectively. The current market cap of the company is Rs. 528.86 crore.
The promoters holding in the company stood at 40.23%, while Institutions and Non-Institutions held 2.23% and 57.54% respectively.
Bharat Wire Ropes has received an approval to raise funds up to Rs 50 crore by way of issue of securities. The board of director at its meeting held on March 9, 2018 approved the same.
The funds will be raised by issue of securities including but not limited to Equity Shares and/or American Depository Receipts (ADR) and/ or Global Depository Receipts (GDR) and/or any other securities convertible into Equity Shares and/or Non-Convertible Debentures with or without warrants, through Further Public Offer (FPO)/ Qualified Institutions Placement (QIP)/ Preferential Issue (PI)/ Right Issue (RI) or through, any other permissible mode or a combination thereof, as may be permitted under applicable laws, subject to approval of the members of the Company, if required and other appropriate approvals.
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.
| Company Name | CMP |
|---|---|
| Hindalco | 574.50 |
| Vedanta | 431.90 |
| Hindustan Zinc | 433.15 |
| Gravita India | 2179.45 |
| Ram Ratna Wires | 537.05 |
| View more.. | |
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