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Bharat Wire Ropes Ltd. ( (IN:BHARATWIRE) ) has issued an announcement.
Bharat Wire Ropes Limited has had its credit ratings reaffirmed by CARE Ratings Limited, reflecting its stable operational and financial performance despite challenges such as declining steel prices and increased logistics costs. The company has maintained a healthy operating income and profit margins due to its high value-added products and expanding distribution network. The reaffirmed ratings also consider the company’s adequate capital structure and comfortable debt coverage indicators, although risks such as global demand uncertainty and raw material price volatility remain. The company’s outlook is stable, with expectations of revenue growth and sustained profitability.
More about Bharat Wire Ropes Ltd.
Bharat Wire Ropes Limited operates in the wire rope industry, providing high-quality wire ropes and related products. The company focuses on expanding its distribution network and improving capacity utilization to sustain its market position.
Average Trading Volume: 31,408
Technical Sentiment Signal: Sell
Current Market Cap: 12.82B INR
See more insights into BHARATWIRE stock on TipRanks’ Stock Analysis page.