Stocks to buy, June 12 -- Shares of Bansal Wire Industries, the second-largest steel wire and the largest stainless steel wire manufacturer in India, have made a strong rebound in recent sessions, gaining 12% over the last six trading sessions and 18% in the last two months.

According to domestic brokerage firm DAM Capital, the stock may sustain its upward momentum, as it has initiated coverage with a 'Buy' rating and set a target price of Rs.481 apiece, which indicates an upside potential of 23.3% from the stock's latest closing price of Rs.390 apiece.

The brokerage highlighted Bansal Wire's consistent market share gains in a highly fragmented industry over the past decade and noted that the company has now embarked on a major expansio...