Precision Wires India Ltd
Stocks on the Move
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Reco. Price: Rs. 323.00 -
Reco. Date: April 09, 2026 
Rating: Buy
BSE Code: 523539
NSE Symbol: PRECWIRE
Stock Info
- Face Value (Rs) 1
- Equity Capital (Rs cr) 18.00
- Mkt Cap (Rs cr) 5,595.70
- 52w H/L (Rs) 356.10 - 124.60
- Avg Daily Vol (BSE+NSE) 655,874
Shareholding Pattern
- (as on 31-Dec) %
- Promoter 56.62
- FIIs 1.32
- DIIs 0.00
- Public & Others 42.06
Price Performance
- Return (%) 1m 3m 12m
- Absolute -8.78 28.05 140.93
- Sensex 0.00 -7.86 4.49
Data Source: Ace equity, stockaxis Research
Strength Sustaining Above Key Averages
A clear structure of higher highs and higher lows is evident. The price is consistently above the 50 EMA and 200 EMA, which shows medium-term strength. After a sharp rise around 350, the stock has experienced a sideways correction instead of a price drop. It is holding above the 50 EMA, suggesting strong demand support. The 21 EMA is above the 50 EMA, which is above the 200 EMA, creating an ideal bullish setup. The price bouncing off short-term averages indicates a continuation pattern. The RSI has cooled from overbought levels (70) to the 50-55 range. This reset allows for new upside potential.
Hence, we recommend buying the stock at cmp while any dip around 310-312 can be utilized to average with a stop loss below Rs.294 for target of Rs.380.