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Welspun Corp gains momentum as SEBI revokes ban on company’s promoters

19 Mar 2012 Evaluate

Welspun Corp is currently trading at Rs. 140.50, up by 3.75 points or 2.74% from its previous closing of Rs 136.75 on the BSE.

The scrip opened at Rs 140.00 and has touched a high and low of Rs 149.65 and Rs 139.10 respectively. So far 276040 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 216.50 on 13-Apr-2011 and a 52 week low of Rs 64.50 on 09-Dec-2011.

Last one week high and low of the scrip stood at Rs 149.65 and Rs 134.70 respectively. The current market cap of the company is Rs 3192.35 crore.

The promoters holding in the company stood at 36.90% while Institutions and Non-Institutions held 30.56% and 22.43% respectively.

Securities and Exchange Board of India (SEBI) has vacated its earlier order against Welspun Corp (WCL), wherein it had abstained some of the company’s promoters entities from selling, buying or dealing  in the company’s securities and other listed  companies promoted by them.

SEBI via its order dated March 16, 2012 vacated its earlier order dated 2, 2010, wherein it had banned the sale of company’s securities by promoter’s entities.

WCL currently offers a one stop solution in line pipes with a capacity to manufacture Longitudinal (LSAW), Spiral (HSAW) and HFERW / HFI (ERW) pipes. The company additionally offers coating, bending and double jointing facilities, thereby offering a 360 degree pipe solution to its customers.

Welspun Corp Share Price

1132.85 32.10 (2.92%)
22-Apr-2026 14:51 View Price Chart
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