Synopsis: Steel stock shares surged nearly 10% after institutional investors, including HDFC Mutual Fund, Invesco Mutual Fund, BNP Paribas, and Malabar India Fund, acquired shares worth around Rs. 145 crore through bulk deals, reflecting strong institutional interest.
The shares of this are one of the leading Indian steel wire manufacturers, ranked 2nd by volume overall and the largest in stainless steel wire by volume are in the spotlight after it nearly hit 10 per cent upper circuit in today’s session following HDFC Mutual Fund, Invesco Mutual Fund, BNP Paribas, and Malabar India Fund bought a stake in the company.
With a market capitalisation of Rs. 5,246 cr, the shares of Bansal Wire Industries Ltd were trading at Rs. 335.15 per share, nearly hit 10% upper circuit in today’s session, making a high of Rs. 346, up from its previous close of Rs. 314.85 per share. The stock has delivered negative returns of 14% over the past year, 10% year-to-date, 9% in the last six months, and 5% over the past month.
What’s the News
Bansal Wire Industries Ltd witnessed strong institutional buying through bulk deals on June 25, 2026, with a total of 46.83 lakh shares changing hands at an average price of Rs. 309 per share. The combined value of these transactions stood at approximately Rs. 145 crore, indicating significant participation from institutional investors.
Among the buyers, HDFC Mutual Fund purchased 8.09 lakh shares, Invesco Mutual Fund acquired 20.94 lakh shares, BNP Paribas Financial Markets bought 9.71 lakh shares, and Malabar India Fund Ltd picked up 8.09 lakh shares. The participation of multiple domestic and global institutional investors at the same price reflects strong institutional interest in the company, although the bulk deals do not necessarily imply an immediate impact on its financial performance.
Bansal Wire Industries Ltd is one of India’s leading manufacturers of high-carbon steel wire, low-carbon steel wire, stainless steel wire, and speciality wires. The company caters to a wide range of industries, including automotive, infrastructure, agriculture, power, construction, and consumer goods.
On the financial front, it reported a healthy performance in Q4FY26. Revenue increased 21% YoY to Rs. 1,136 crore from Rs. 940 crore in Q4FY25, while EBITDA rose 10% YoY to Rs. 76.4 crore from Rs. 69.6 crore. Net profit grew 21% YoY to Rs. 40.1 crore compared to Rs. 33.1 crore in the year-ago period, with EPS increasing 21% to Rs. 2.56 from Rs. 2.11.
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