Precision Wires Faces Supply Chain Disruptions from Middle East Conflict

Precision Wires India Limited reports intensifying Middle East conflict affecting domestic and overseas suppliers, leading to inflationary pressures across its supply chain.

Shipment Rerouting Underway

Export consignments to the Middle East face delays, prompting the company to re-route shipments and secure alternate logistics arrangements. These measures may increase shipping costs and extend lead times for import/export operations.

Risk Mitigation Efforts

While monitoring challenges closely, Precision Wires acknowledges potential short-term fluctuations in input costs and availability due to unavoidable geopolitical circumstances.

Shares of Precision Wires India Limited was last trading in BSE at Rs. 319.05 as compared to the previous close of Rs. 342.95. The total number of shares traded during the day was 97406 in over 2791 trades.

The stock hit an intraday high of Rs. 344.10 and intraday low of 314.20. The net turnover during the day was Rs. 31867451.00.

Source : Equity Bulls

Keywords

PrecisionWiresIndia INE372C01029 MiddleEastConflict Impact