Precision Wires India Limited’s stock remains in top trending, all signs of growth are visible, know the targets

Mumbai: There is a state of ups and downs in the stock market. There are many such stocks which have given good returns to the investors. One such small-cap company has tripled returns to investors in the last two years. This stock belongs to Precision Wires India Limited. This company produces winding wires made of copper. It is used in the manufacture of both rotating and stationary power equipment used by the electrical/electronics industry worldwide. The company continues to be a leader in the industry and remains the preferred choice for demanding customers. The companies primarily cater to OEMs and are majorly into electrical, auto, consumer durables, transformers and construction industries. Some of the major customers are BHEL, Bosch, Godrej, Siemens, Hi-Volt etc.

Top Trending Stock: The stock of this company remains in top trending, all the signs of growth are visible, know the targets
Gave great returns to investors
As on 22 Nov 2022 Precision Wires shares are currently trading at Rs 101.00 which is up 236% over the last two years. The stock traded at Rs 30.42 on 20 Nov 2020 and has given excellent returns to its shareholders in the last two years. Meanwhile, the S&P BSE Smallcap index, of which the company is a part, has risen 79 per cent.

Top Trending Stock: This tire company’s stock has full signs of boom, even today it jumped more than 5%, can play bets
Company earned profit
In Q2FY23, on a standalone basis, the company’s revenue grew by 2.42% YoY to Rs 726 crore and PAT stood at Rs 14.66 crore. The company’s expenses increased mainly due to inflation and commodity prices. The ROE and ROCE of the company is 18.5% and 30.1% with a market capitalization of Rs 1162 Crore. Today, the stock opened at Rs.99.75 and touched a high and low of Rs.101.75 and Rs.99.75. The stock’s 52-week high and low is Rs 131.45 and Rs 54.20 respectively on BSE.

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