Bombay Wire Ropes Ltd Share Price Target Tomorrow 2024 To 2030 and More Details

Bombay Wire Ropes Ltd is a company involved in manufacturing and trading wire ropes, primarily catering to industries like construction, shipping, and infrastructure. The company focuses on delivering quality products, benefiting from India’s growing industrial and infrastructure projects. Bombay Wire Ropes Ltd Share Price on BOM as of 26 November 2024 is 73.53 INR. Here will provide you more details on Bombay Wire Ropes Ltd Share Price Target 2024, 2025, 2026 to 2030.

Bombay Wire Ropes Ltd: Market Overview

• Open Price: ₹64.04
• High Price: ₹73.53
• Low Price: ₹62.10
• Previous Close: ₹61.28
• Volume: 49,093
• Value (Lacs): ₹36.10
• VWAP: ₹71.90
• UC Limit: ₹73.53
• LC Limit: ₹49.03
• P/E ratio: N/A
• Div yield: N/A
• 52-wk high: ₹93.99
• 52-wk low: ₹32.01
• Mkt cap: ₹39.26Cr
• Face Value: ₹1

Bombay Wire Ropes Ltd Competitors

Here are four competitor companies of Bombay Wire Ropes Ltd along with their market capitalizations:

1. Usha Martin Ltd: A leading player in the wire ropes industry with a market capitalization of approximately ₹10,750 crores. It operates globally and is known for its diverse product offerings.
2. Bedmutha Industries Ltd: Specializes in wire manufacturing and has a market capitalization of around ₹350 crores. It competes in specific segments of wire and related products.
3. Steel Strips Wheels Ltd: Though focused on steel products, its diversification into wire-related industries positions it as a relevant competitor, with a market cap of approximately ₹4,100 crores.

4. Rajasthan Cylinders and Containers Ltd: With a smaller market cap of around ₹50 crores, it competes in niche wire and container solutions.

Bombay Wire Ropes Ltd Share Price Chart

Bombay Wire Ropes Ltd Share Price Target Tomorrow 2024 To 2030

Bombay Wire Ropes Ltd Share Price Target 2024

Bombay Wire Ropes Ltd share price target 2024 Expected target could be ₹100. For Bombay Wire Ropes Ltd’s share price target in 2024, the following key factors could significantly affect its growth:

• Operational Restructuring and Revitalization: The company’s ability to streamline its operations, address any legacy issues, and re-enter the wire ropes market competitively will be critical. Successful restructuring and diversification efforts could attract investor interest.
• Demand in Infrastructure and Industrial Sectors: Growth in sectors like construction, shipping, and infrastructure projects could drive demand for wire ropes and related products, benefiting the company if it aligns its production capabilities effectively.

• Regulatory and Financial Stability: Managing regulatory compliance and financial obligations will play a significant role. Positive developments in these areas could enhance the company’s market perception and boost its share price.

Bombay Wire Ropes Ltd Share Price Target 2025

Bombay Wire Ropes Ltd share price target 2025 Expected target could be ₹140. For Bombay Wire Ropes Ltd’s share price target in 2025, the following key factors could significantly affect its growth:

• Market Revival and Product Diversification: The company’s ability to introduce new or improved products and tap into emerging sectors such as renewable energy or specialized industrial applications could boost demand and drive revenue growth.
• Strategic Partnerships and Collaborations: Building alliances with other players in the wire rope or allied industries could help Bombay Wire Ropes expand its reach and leverage advanced technologies to improve product quality and cost efficiency.

• Macroeconomic and Sectoral Growth: Infrastructure development projects, increased industrial activities, and favorable government policies in the steel and manufacturing sectors could significantly influence the company’s growth trajectory, impacting its share price positively.

Bombay Wire Ropes Ltd Share Price Target 2030

Bombay Wire Ropes Ltd share price target 2030 Expected target could be ₹340. For Bombay Wire Ropes Ltd’s share price target in 2030, several risks and challenges could impact its growth:

• Raw Material Price Volatility: The company’s reliance on steel and other raw materials for its wire rope products makes it vulnerable to fluctuations in the prices of these commodities. Any significant increase in raw material costs could pressure profit margins and negatively impact share prices.
• Intense Competition and Market Saturation: As the wire ropes industry is highly competitive, Bombay Wire Ropes may face challenges in maintaining its market share against larger, well-established players. The increasing saturation of traditional markets and competition from low-cost imports could further affect its growth prospects.

• Regulatory and Environmental Compliance: Stringent environmental regulations and compliance standards may increase operational costs for Bombay Wire Ropes. In the long term, adapting to sustainability standards and maintaining compliance with evolving regulations could challenge the company’s profitability and growth potential.

Bombay Wire Ropes Ltd Shareholding Pattern

• Promoters: 63.62%
• DII: 10.37%
• Public: 26.01%

Bombay Wire Ropes Ltd Financials

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