Welspun India is currently trading at Rs. 326.00, up by 2.95 points or 0.91% from its previous closing of Rs. 323.05 on the BSE.
The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 329.80 and Rs. 322.95 respectively. So far 8713 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 407.15 on 25-Nov-2014 and a 52 week low of Rs. 68.35 on 24-Dec-2013.
Last one week high and low of the scrip stood at Rs. 345.20 and Rs. 315.00 respectively. The current market cap of the company is Rs. 3273.39 crore.
The promoters holding in the company stood at 73.32% while Institutions and Non-Institutions held 7.80% and 18.88% respectively.
Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Welspun India’s long term bank facilities worth Rs 2,437.43 crore to ‘A+’ from ‘A’. Further, the rating agency has reaffirmed ‘A1’ rating to company’s short term bank facilities worth Rs 429.85 crore.
The revision in the long-term rating factors in sustained improvement in the profitability following restructuring of Welspun India’s (WIL’s) global and Indian operations as well as increasing level of vertical integration on the back of completion of phase 1 of expansion-cum-backward integration project and satisfactory progress made in the phase 2 of the ongoing project.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. WIL’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
| Company Name | CMP |
|---|---|
| PDS | 483.65 |
| Vardhman Textiles | 451.95 |
| Arvind | 314.15 |
| Welspun Living | 153.05 |
| Alok Inds | 27.54 |
| View more.. | |
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