Welspun India advances on securing patent for new line of Augmented Reality Home Decor

26 Sep 2016

Welspun India is currently trading at Rs. 56.30, up by 0.85 points or 1.53% from its previous closing of Rs. 55.45 on the BSE.

The scrip opened at Rs. 56.40 and has touched a high and low of Rs. 56.80 and Rs. 55.80 respectively. So far 3,44,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 119.90 on 14-Jun-2016 and a 52 week low of Rs. 46.35 on 30-Aug-2016.

Last one week high and low of the scrip stood at Rs. 59.15 and Rs. 54.55 respectively. The current market cap of the company is Rs. 5,676.00 crore.

The promoters holding in the company stood at 73.48%, while Institutions and Non-Institutions held 15.86% and 10.66% respectively.

Welspun India (WIL) has secured the “Interactive Textile Article and Augmented Reality System” patent, which protects the company’s new product line TILT. The patent covers a system that has textile material with a design motif and an augmented reality software application. The software application is designed to allow a user to scan the design motif on the textile material, and enter an augmented reality portal that is thematically related to the design motif.

TILT by Welspun is a new brand that focuses on seamlessly integrating technology into textiles. The first product, Spin Tales, is an interactive and innovative bed set and rug for kids aged three and up. With innovative technology, a free app designed for the duvet cover and rug allows the user to experience adventures in augmented reality and engage in interactive games. Spin Tales is the first of many smart home textile products that will be introduced under the TILT umbrella.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.


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56.50 -0.50 (-0.88%) Nov 11, 17:59
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