Bansal Wire Inds.

Bansal Wire Industries promoter group member Mrinaal Mittal intends to sell up to 2.99% of the company’s equity, or 46.8 lakh shares, in the open market to help the firm achieve minimum public shareholding. The sale will take place between June 25 and August 31, 2026, with the promoter and promoter group having pledged not to purchase shares on sale days. The promoter group currently owns 77.99% of the company.

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April 29 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 400.7 MILLION RUPEES

• BANSAL WIRE INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.36 BILLION RUPEES

Further company coverage: BANW.NS

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April 1 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES - REGISTERED SALES VOLUME OF 1,17,644 MT IN Q4

Source text: [ID:]

Further company coverage: BANW.NS

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March 10 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• APPEAL ORDER REDUCES TAX LIABILITY FROM 9.3 MILLION RUPEES TO NIL

Source text: ID:nNSE9T4t7y

Further company coverage: BANW.NS

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Feb 10 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES LTD - BWI STEEL SIGNS MOU WITH MINISTRY OF STEEL UNDER PLI SCHEME

Source text: ID:nBSE1h3Yyf

Further company coverage: BANW.NS

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Jan 19 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• DEC-QUARTER CONSOL NET PROFIT 432.7 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.29 BILLION RUPEES

Further company coverage: BANW.NS

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Jan 8 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES LTD - TAX AUTHORITY REDUCES LIABILITY FROM 67 MILLION RUPEES TO 4 MILLION RUPEES

Source text: ID:nnAZN4RSWTA

Further company coverage: BANW.NS

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** Shares of Bansal Wire Industries Ltd BANW.NS rise as much as 7.3% to 327.75 rupees
** Co reports 31.7% y/y rise in Q3 to 121,702 MT
** More than 717,000 shares traded as of 9:50 A.M. IST, 7.5x their 30-day moving avg; busiest day yet since Feb. 4, 2025
** BANW last up 4.4%; fell 31.5% in 2025

(Reporting by Meenakshi Maidas in Bengaluru)

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Jan 1 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• Q3 FY26 SALES VOLUME UP 31.70% YOY

Source text: ID:nNSE4jfgjT

Further company coverage: BANW.NS

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** Shares of Bansal Wire Industries BANW.NS fall 2.2% to 311.40 rupees

** Stainless steel wire manufacturer receives tax penalty notice of around 2.03 billion rupees ($22.6 million)

** Notice highlights issues involving e-way bills, availment of blocked and excess input tax credit, non-payment of tax on some licence sales

** BANW expects no material impact and intends to file an appropriate response within prescribed timeline

** YTD, BANW down nearly 31%

($1 = 89.8930 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

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** Shares of Bansal Wire Industries Ltd BANW.NS rise as much as 4.9% to 327 rupees
** Co says tax authority cuts liability for FY2019-20 to 6.9 mln rupees ($77,836.37) from 450.9 mln rupees
** Stock on track to snap 3 months of losses; up 2.3% so far in Nov
** BANW last up 2.2%, cutting YTD losses to 30.9%

($1 = 88.6475 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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** Bansal Wire Industries BANW.NS rises 3.3% to 426 rupees, highest since January 10

** Iron and steel wire maker posts ~25% y/y rise in Q1 consol PAT; rev up ~15%

** YTD, BANW falls 7.5%

(Reporting by Yagnoseni Das in Bengaluru)

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July 21 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• JUNE-QUARTER CONSOL NET PROFIT 392.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.39 BILLION RUPEES

Source text: ID:nBSE83Zd2h

Further company coverage: BANW.NS

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** Steel wires maker Bansal Wire stock BANW.NS gains 2% to 380.2 rupees

** Brokerage Anand Rathi Research initiates with "buy", PT is 550 rupees, a nearly 48% premium on last close

** Says BANW will surpass market leader Tata Steel's TISC.NS by H1FY26 when it meets target capacity expansion of 0.679 million tons

** Expects 24% sales volume CAGR over FY25-27, driven by capacity expansions and cost-cutting measures like in-house raw material sourcing

** Co to log fastest growth in segment; consol installed capacity to rise nearly 23% over FY22-27 - brokerage

** Three brokerages' avg rating on stock is "strong buy", median PT is 450 rupees - data compiled by LSEG

** Stock down ~16% year-to-date

(Reporting by Manvi Pant in Bengaluru)

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** Bansal Wire Industries BANW.NS shares rise 2% to 386 rupees

** DAM Capital initiates coverage of iron and steel wire maker with "buy" rating; PT at 481 rupees, a 24% premium on Tuesday's close

** Brokerage lauds co's plan to expand from 259 KT in FY24 to "market-leading" 679 KT by FY26, at par with market leader Tata Wires

** Co has been able to protect margins despite cost fluctuations in the past, and is well placed for future growth with focus on growing faster than the market - DAM Capital

** DAM's PT highest among three brokerages covering the stock - data compiled by LSEG

** YTD, stock gains 12.4%

(Reporting by Rudra Pratap Singh in Bengaluru)

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March 25 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES - SIGNS MOU WITH MINISTRY OF STEEL UNDER PLI SCHEME

Further company coverage: BANW.NS

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March 21 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES LTD - RECEIVES ASSESSMENT ORDER AND DEMAND NOTICE FOR FY 2017-18

• BANSAL WIRE INDUSTRIES LTD - COMPANY TO WITHDRAW WRIT PETITION FILED WITH HIGH COURT OF DELHI

Source text: ID:nNSE8xXL5L

Further company coverage: BANW.NS

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Feb 18 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• RECEIVES GST SUMMON AND NOTICE

• SUMMON RELATED TO ITC CLAIMED ON IPO EXPENSES

Source text: ID:nNSEbyS05Q

Further company coverage: BANW.NS

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Jan 29 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 416.8 MILLION RUPEES

• BANSAL WIRE INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.25 BILLION RUPEES

Source text: ID:nNSE37FhxB

Further company coverage: BANW.NS

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** Shares of Bansal Wire Industries BANW.NS rise as much as 3.2% to 453 rupees

** Steel wire maker launches new industrial product - brass coated hose wire - in domestic market

** Stock set to snap five straight sessions of losses

** Stock has gained ~26% since its listing on July 10

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 6 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES LTD - COMMENCES PRODUCTION OF SPECIALTY WIRE VERTICAL

• BANSAL WIRE INDUSTRIES - MARKET SIZE FOR THESE PRODUCTS ESTIMATED TO BE 450,000 TONS PER ANNUM

Source text: ID:nBSE5bG8G2

Further company coverage: BANW.NS

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** Shares of Bansal Wire Industries BANW.NS climb as much as 9.6% to 448 rupees, their highest in over a month

** Steel wire maker's Q2 consol profit after tax more-than-doubled to 400.6 mln rupees ($4.8 mln)

** Higher profit on strong demand and progressive operations from Dadri facility, co said

** Adds strong order inflows to continue into H2FY25

** Stock eyes busiest trading session since late-September, volumes at 3.7x the 30-day avg

** BANW last up 4.8%, it has gained 22% since debut on July 10

($1 = 84.3820 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Nov 11 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• SEPT-QUARTER CONSOL NET PROFIT 396.4 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.25 BILLION RUPEES

Source text: ID:nBSE19XJzc

Further company coverage: BANW.NS

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Oct 16 (Reuters) - Bansal Wire Industries Ltd BANW.NS:

• BANSAL WIRE INDUSTRIES LTD - ENTERED INTO AGREEMENT WITH ADFACTORS PR

Source text for Eikon: ID:nBSEnl7qN

Further company coverage: BANW.NS

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** Shares of newly-listed Bansal Wire Industries BANW.NS rise 3.2% to 363.4 rupees apiece, on course to snap a three-session losing run

** Rise after Investec initiates coverage of steel wire maker's stock with a "buy" recommendation

** Target price set at 440 rupees, an implied upside of 25%

** BANW has "created a niche for itself in the commoditized steel/stainless steel wire market by reducing costs, offering the widest product range and diversification," says Investec

** Adds BANW's initiatives to foray into steel cords and backward integration of stainless steel rods, focus on automation to drive 40% EBITDA CAGR growth over fiscal years 2024-2027

** Says valuations look undemanding due to strong growth potential

** BANW has risen about 42% over its issue price of 256 rupees since trading debut on July 10

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Bansal Wire Industries BANW.NS surge 33% on first day of trading

** Shares of BANW, which makes stainless steel wires, opened at 356 rupees, a near 39% premium to IPO price, valuing the company at 53.60 bln rupees ($642 mln)

** Co's IPO, which consisted of fresh shares worth 7.45 bln rupees, was oversubscribed around 60x, per exchange data

** "Bansal Wire's listing performance surpasses pre-listing and signifies investor confidence in the company's potential," said Shivani Nyati, head of wealth at Swastika Investmart

** BANW says it will use IPO proceeds for debt repayment, other general purposes

** Emcure Pharmaceuticals EMCU.NS also jumps ~35% in debut trade on Wednesday

($1 = 83.4890 Indian rupees)

(Reporting by Nishit Navin)

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