Bengaluru, Jan. 9 -- The shares of the leading steel wire manufacturer plummeted up to 5.2 percent in today's trading session after a shareholder lock-in expired today, making nearly 20% of equity tradable.

With a market capitalisation of Rs 4,580.04 crore, the shares of Bansal Wire Industries Ltd were trading at Rs 292.55 per share, decreasing around 3.08 percent as compared to the previous closing price of Rs 301.85 apiece.

Shareholder Expiries

The shares of Bansal Wire Industries have seen bullish movement after the shareholder lock-in expires today, making nearly 20% of equity tradable. Around 3.13 crore shares worth ~ Rs 945 crore could enter the market. While this raises short-term supply and volatility risks, fundamentals remain...