Welspun Corp is currently trading at Rs. 95.60, up by 9.50 points or 11.03 % from its previous closing of Rs. 86.10 on the BSE.
The scrip opened at Rs. 85.90 and has touched a high and low of Rs. 95.90 and Rs. 85.90 respectively. So far 9015005 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.25 on 26-May-2014 and a 52 week low of Rs. 26.65 on 21-Aug-2013.
Last one week high and low of the scrip stood at Rs. 87.25 and Rs. 77.85 respectively. The current market cap of the company is Rs. 2495.38 crore.
The promoters holding in the company stood at 38.21 % while Institutions and Non-Institutions held 14.33 % and 38.71 % respectively.
Welspun Corp’s promoter group entities -- Welspun Infra Developers and Welspun Fintrade -- have acquired the entire equity shareholding held by Mulheim Pipecoatings GmbH (a Co-promoter) in Welspun Corp, constituting 3.124% equity shareholding in Welspun Corp, at a per share price of Rs 85.25 per equity share, by way of a block deal on the designated trading window of the Bombay Stock Exchange (BSE).
Welspun Corp is currently in four businesses viz Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.
