INDUSTRIAL STEEL WIRES

Bansal Wire IPO to open for subscription on Wednesday. Here's what GMP indicates

The company aims to raise approximately Rs 745 crore at the upper end of its price band. Investors can bid for a minimum of 58 shares per lot, with the option to bid in multiples of this lot size. Prior to the IPO subscription, the company's shares were trading at a premium of Rs 65 in the unlisted market.

Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer

The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with no OFS component involved. According to market analysts, Bansal Wire currently commands a GMP of Rs 65 in the unlisted market.

Bansal Wire announces price band for its Rs 745 crore IPO. Check details

Bansal Wire's IPO, priced at Rs 243-256 per share, opens on July 3. In Sep 2023, the company reported revenue of Rs 1154 crore and a profit of Rs 38.9 crore. With strong lead managers onboard, the IPO presents an attractive investment prospect for interested investors.

Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%

Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.

They just happen to be listed in India, what matters to them is global developments: 5 stocks from two sectors with upside scope of up to 29%

In the last month of volatility, there are some sectors which have shown a streak of out performance. They haven't fallen as much as nifty and have been able to keep their head above the water even on the worst of days. The reason, their bottom lines are more correlated to what is happening in the country or the continent in which they have exposure both in terms of sales and in some cases in manufacturing. So, one way to take global exposure is to have a look at these companies, also it is a sort of diversification in terms of exposure to the underlying economy. Because they are operating at a global level, their balance sheets are good and in some cases, they have been able to enter amongst the top companies of the world in their sector.

TRADERS’ CORNER: IT major set to rise 4% and a textile stock eyes 7% gain

The Nifty opened weak. It largely stayed down and closed with a loss.

Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics

Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.

Travel portal ixigo's parent firm, Bansal Wire Industries get Sebi's go-ahead to float IPO

The Gurugram-based Le Travenues Technology's proposed IPO will be a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).

China’s $8.5 billion in steel spurs Latin America toward tariffs

Mexico, Chile, and Brazil have increased duties on steel products from China. In some cases, the duties have more than doubled over the past few weeks. Colombia may also be planning to do the same.

Short-term volatility? Yes, but operating landscape might be changing: 5 metal stocks with upside potential of up to 20%

After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. The reason, global metal prices are decided by two things, first is the state of the Chinese economy and second is how the US dollar behaves in the global markets. On the first, there are initial indications that after close to more than two years, things are turning better. The most reliable indication came last month with better than expected GDP numbers. On the second front, there is still lots of uncertainty thanks to flip-flops by the US Fed on interest rate cuts. Now if one looks at the metal stocks, they have sort of out performed volatile Indian markets. But given the fact that these days, too much money flows into stocks where there is even a slight bit of positive development, the possibility that these stocks may turn volatile if there was more pressure on the broader market. However, when the tide turns, because the operating matrix of the companies would be better if the China recovery continues, there is a high probability of them turning into relative outperformers.

Rising metal prices pose both headwinds & opportunities: 5 stocks from pipe & wire industry that can rise up to 35%

Today, when the whole market is down, there is one sector which is leading the recovery, metals. Both ferrous and non ferrous. Partially because of the fact that Russian metal has been sort of ousted from the markets with the US and UK taking measures to keep it out of exchanges. Also because there are enough indications from China that demand might be getting stronger. Now there is an inverse relationship between the rising price of metal and margins of the many user industries. So when there is an expectation that metal prices are going to rise, there is bound to be a negative reaction in some of the sectors and industries. As an investor one needs to realize that the user industry, where there is higher “value addition” to the metal and there is a strong “brand”. The impact on margins is much lower. Infact when these stocks react to the narrative which might hit the street sooner than later, it is probably the time to have a look at them with a long term perspective.

Centre relaxes quality control regime on steel and textiles

The Centre has exempted inputs used in export products from quality control orders issued by the Steel Ministry, DPIIT, and Textiles Ministry, as per the Directorate General of Foreign Trade's Foreign Trade Policy, 2023. Manufacturers no longer need prior approvals from BIS for selling regulated items in the country.

Bansal Wire Industries files DRHP for Rs 745-crore IPO

The issue is entirely fresh equity of Rs 745 crore with no offer-for-sale component. ​The public offer is being made through the book-building process, wherein about 50% of the issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Tactical bets in bearish time: 6 metal stocks that can deliver up to 44% returns

It is normally said and there is enough evidence to support it, that if the market is falling because of fear of economic slowdown or there are fears of a recession, then metals would be the first sector to get hit. The question is whether this round of fall in the Indian market is due to those fears? The answer is most likely No. What the Indian market is witnessing is correction of valuations, which have gone extremely high due to excess liquidity chasing Indian stocks for the past six months. So, there is a good chance that sectors like metals which are more impacted by what is happening in China would be able to perform much better even in bearish times, as the Chinese government makes another round of effort to pull the economy out of the slowdown.

Varun Beverages, VIP Industries among 10 stocks with RSI trending down

ETMarkets closely examines 10 stocks out of the 12 identified on October 11, Wednesday, and explores why RSI is a crucial tool for investors to assess stock movements.

Q1 results this week: Tata Steel, L&T, Axis Bank, Bajaj Finance, Tech Mahindra, Tata Motors, and others

Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, among others will report Q1 results on July 25

Stocks in news: Vedanta, Vadilal, SBI Cards, JSW Steel, Motherson Sumi Wiring

Rama Mohan Rao Amara, Managing Director & CEO has tendered his resignation from directorship of the company with effect from August 11. He will also cease to be the MD and CEO of the company.

Sensex rises! But these stocks fell 5% or more in Friday's session

In the Nifty pack, 30 stocks closed in the green, while 20 stocks ended in the red.

At multi-year highs: These 3 stocks gave 5-year breakouts

At multi-year highs: These 4 stocks gave 5-year breakouts

Stock market update: Nifty Auto index falls 0.61%

The Nifty Auto index closed 0.61 per cent down at 13154.35.

Stock market update: Nifty Auto index falls 0.59% in a weak market

The Nifty Auto index was trading 0.59 per cent down at 13157.0.

Q3 results to track this week: Airtel, LIC, Tata Steel, Zomato, M&M and more

Bharti Airtel, Adani Green Energy, Adani Ports & Special Economic Zone, Ambuja Cements, Hero MotoCorp, Astral, NHPC Ltd. Gujarat Fluorochemicals Ltd. Deepak Nitrite Ltd. Phoenix Mills Ltd. Aditya Birla Fashion and Retail Ltd. Motherson Sumi Wiring India Ltd. GlaxoSmithKline Pharmaceuticals, Navin Fluorine International, Bayer Cropscience, Bharat Dynamics, Ramco Cements, and other domestic companies are set to declare the earnings on Tuesday