[Stock note]: Bharat Wire Ropes…stock down 50% + from peak and Promoter increasing stake
Jan’25 has been tough for investors with broader markets down around 20%. While correction was expected; however, the pace of correction has been very fast. In general, small-mid cap indices correct 20-35% every 2-3 years. We are already down 18-20% from peak, so unless something break down badly, one could prepare oneself mentally for another 10-20% correction and start hunting for opportunities because some stocks are coming back in value range. Below, we have shared notes on Bharat Wire Ropes from its presentation and credit rating…