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Bharat Wire Ropes Limited
Share Price Target & Analysis

NSE:BHARATWIRE

219.7

VWAP

216.43

Open

218.31

Close

223.39

High

216.43

Low

400.6

52 Week High

219.55 ⇧
1.24 (0.57%)

BHARATWIRE

(METALS)
5% Momentum

Watch Carefully

210

52 Week Low

12.43

EPS

35.99

PE

2.27

PB

Standard
Quality

Bronze
Valuation

#Analysis

NSE: BHARATWIRE Share Price Financial Analysis & Valuation

Bharat Wire Ropes Limited (BHARATWIRE) is broadly categorized in METALS segment industry which deals in Steel - Medium & Small vertical. It is one of Small Cap company with Market Capitalization of Rs 469.6 (in Cr). Total number of free float shares are 4.5 (in Lacs). Bharat Wire Ropes Limited is listed on NSE with Exchange ID - INE316L01019 and trading code is NSE:BHARATWIRE with short name Bharat Wire Rop.

In the past 1 year, Bharat Wire Ropes Limited has declared an equity dividend of Rs 0 per share. At the current share price of BHARATWIRE at Rs 219.55, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:BHARATWIRE, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine BHARATWIRE underlying value and future prospects. All of this data is available in BHARATWIRE financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:BHARATWIRE, it is clearly understood that BHARATWIRE is Standard performer in terms of earnings and profit margins with an EPS of 12.43. NSE:BHARATWIRE book value per share as of today is 96.6. The current price to book ratio for BHARATWIRE as of Nov 23, 2024 is 2.27.

Valuation of the Stock: The current valuation of BHARATWIRE stock is like Bronze which means currently the stock is Reasonably Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of BHARATWIRE whether to BUY this stock at current valuation. The delivery percentage of BHARATWIRE is 63.69% is very crucial parameter which shows that 63.69% investors are anticipating that the price of BHARATWIRE share should go up with VWAP at 219.7.

Now, the main question is whether to BUY or SELL, NSE:BHARATWIRE at current valuation.
As per latest Analysis No. #800:-

⇑ STRONG BUY BHARATWIRE if All Greens

⇗ BUY BHARATWIRE (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD BHARATWIRE (With Stop Loss) if only 1 Green

⇘ SELL BHARATWIRE if NO Green Indicator

NSE: BHARATWIRE Share Price Today (Nov 23, 2024)

(Bharat Wire Ropes Limited Daily Analysis on the basis of BHARATWIRE Intraday Graph & Trend)

Bharat Wire Ropes Limited share price moved Up by 0.57% from its previous close of Rs 218.31. BHARATWIRE stock last traded price is 219.55. BHARATWIRE share price trend is Up with a total of 105721 stocks traded till now. It has touched an intraday high of Rs 223.39 and an intraday low of Rs 216.43. The BHARATWIRE trading at 219.55, Up by Rs. 1.24, or 0.57 percent which suggests that most of the Traders are anticipating that the price of BHARATWIRE share should go Up.

NSE: BHARATWIRE Share Price Tomorrow Prediction

(Bharat Wire Ropes Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of BHARATWIRE)

Bharat Wire Ropes Limited share price moved Up by 0.57%. BHARATWIRE share price short term trend is Up. It suggests that BHARATWIRE Share Price for Tomorrow remains the same with VWAP at 219.7 will be treated as stop loss for intraday traders. Bharat Wire Ropes Limited Long term investors can follow the BHARATWIRE long term trend as mentiond in future forecast table.

NSE Code

NSE: BHARATWIRE

BHARATWIRE Share Price Today

 219.55

BHARATWIRE Share Price Target Prediction for 2024 ^

 220.2 - 324.3

BHARATWIRE Share Price Target Prediction for 2025*^

 324.3 - 428.9

BHARATWIRE Share Price Target Prediction for 2026*^

 428.9 - 458.9

BHARATWIRE Share Price Target Prediction for 2027*^

 482

BHARATWIRE Share Price Target Prediction for 2028*^

 496

BHARATWIRE Share Price Target Prediction for 2030*^

 540
BHARATWIRE Current Book Value 2023
96.1

*Bharat Wire Ropes Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^BHARATWIRE share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

BHARATWIRE Technical Analysis

Candlestick Pattern: @213.74

BHARATWIRE Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 222.06 SELL 220.75 SELL
MA_12 230.32 SELL 228.95 SELL
MA_20 232.98 SELL 234.01 SELL
MA_32 245.91 SELL 241.6 SELL
MA_50 254.46 SELL 247.17 SELL
MA_100 256.25 SELL 255.43 SELL
MA_200 276.91 SELL 262.1 SELL

BHARATWIRE Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 214.9 OverSold
MACD -1.3 SELL
ADX 34.38 Strong Trend
DMI (+/-) 11.49 / 32.52 Downtrend

BHARATWIRE Momentum Oscillators

BUY (0) NEUTRAL (4) SELL (8)
Momentum Oscillators Value Action
RSI 33 Neutral
STOCHASTIC_K (Fast) 6.66 Oversold
STOCHASTIC_D (Slow) 6.85 Oversold
CCI -169.55 SELL
PSAR 244.91 SELL
TRUE RANGE 9.34 Neutral
ATR 11.52 Neutral
WILLIAMS R -90.35 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 3.4 Oversold
STOCHASTIC RSI D 1.13 Oversold
MOMENTUM -42.86 SELL

BHARATWIRE Last 1 Year Trend

Duration Value
1 Year -26.13%
3 Months -8.42%
1 Month -16.7%
1 Week -11.67%

BHARATWIRE Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 13%
SELL 83%

Most popular Questions & Answers about BHARATWIRE


Bharat Wire Ropes Limited stock last traded price is 219.55. BHARATWIRE share price moved Up by 0.57% from its previous close of Rs 218.31.

Bharat Wire Ropes Limited share price trend is Up with a total of 105721 stocks traded till now. It has touched an intraday high of Rs 404.606 and an intraday low of Rs 216.43. The BHARATWIRE trading at 219.55, Up by Rs. 1.24, or 0.57 percent which suggests that most of the Traders are anticipating that the price of BHARATWIRE share should go Up and the Stop Loss will be around 219.7.

The market cap of Bharat Wire Ropes Limited is ₹469.6 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Bharat Wire Ropes Limited as of Nov 22, 2024 is 35.99.

The current price to book ratio for Bharat Wire Ropes Limited as of Nov 22, 2024 is 2.27.

The highest price of Bharat Wire Ropes Limited stock is ₹400.6 in the last 52-week.

The lowest price of Bharat Wire Ropes Limited stock is ₹210 in the last 52-week.

Bharat Wire Ropes Limited share trading at ₹219.55, Up by Rs. 1.24, or 0.57 percent which suggests that most of the traders are anticipating that the price of BHARATWIRE share should go Up.

In 2023, Stock price target for Bharat Wire Ropes Limited (BHARATWIRE) are ₹220.2 on downside and ₹324.3 on upside. Bharat Wire Ropes Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Bharat Wire Ropes Limited (BHARATWIRE) are ₹324.3 on downside and ₹428.9 on upside. Bharat Wire Ropes Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Bharat Wire Ropes Limited (BHARATWIRE) are ₹428.9 on downside and ₹458.9 on upside. Bharat Wire Ropes Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Bharat Wire Ropes Limited (BHARATWIRE) will be around ₹496 Bharat Wire Ropes Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of BHARATWIRE.

The price of Bharat Wire Ropes Limited (BHARATWIRE) shares moved by 0.57%. The short-term trend for BHARATWIRE share price is Up. It implies that the share price of BHARATWIRE will stay the same tomorrow and that intraday traders should treat VWAP at 219.7 as a stop loss. Investors with a long-term outlook can track BHARATWIRE long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of BHARATWIRE stock is 149. Compared to the current market price of 219.55 INR, the BHARATWIRE stock is Overvalued by 32.1%.

As per the fundamental analysis of Bharat Wire Ropes Limited (BHARATWIRE), it is of Standard quality in terms of earnings and profit margins with an EPS of 12.43. Bharat Wire Ropes Limited book value per share as of today is 96.6. The current price to book ratio for BHARATWIRE as of Nov 23, 2024 is 2.27.


NSE:BHARATWIRE News & Other Useful Information about BHARATWIRE Share Price


Peer Comparison of NSE: BHARATWIRE

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Steel - Medium & Small

Company Price EPS BV
SBCL 567.35 13.33 56.93
JSL 671.55 29.43 166.26
INCREDIBLE 51.62 1.65 28.36
USHAMART 392.90 9.83 43.31
TIIL 2496.10 90.34 594.02
MUKANDLTD 131.08 6.84 65.49
LSIL 65.98 0.84 3.55
VSSL 262.45 13.07 88.27
RAMASTEEL 11.97 0.12 1.88
KAMDHENU 462.75 21.35 85.87
Updated at: 22 Nov 2024 15:53

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