BANSALWIRE

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

(([email protected];;))

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

(([email protected];;))

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

(([email protected];;))

** 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)

(([email protected]; +91 8697274436;))

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

(([email protected];))

** 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

(([email protected];;))

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

(([email protected];))

** 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)

(([email protected];))