Welspun India is currently trading at Rs. 71.70, up by 1.15 points or 1.63% from its previous closing of Rs. 70.55 on the BSE.
The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 72.25 and Rs. 71.50 respectively. So far 50,000 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. 72.25 and Rs. 67.10 respectively. The current market cap of the company is Rs. 7,213.93 crore.
The promoters holding in the company stood at 73.48%, while Institutions and Non-Institutions held 11.50% and 15.02% respectively.
Welspun India has inked Memorandum of Understanding (MoU) with Gujarat state government at the ongoing Vibrant Gujarat Summit 2017. The company has inked MoU to invest Rs 4,000 crore for textile projects in Gujarat.
The group, which has presence in home textiles, line pipes and infrastructure, will invest Rs 2,000 crore in setting up an integrated textile manufacturing zone. It will invest Rs 1,000 crore on capacity enhancement of its technical textile business, while a similar amount has been earmarked for its advanced textile arm that makes specialized materials for aerospace, defence and automobiles.
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.
Company Name | CMP |
---|---|
PDS | 483.65 |
Vardhman Textiles | 451.95 |
Arvind | 314.15 |
Welspun Living | 153.05 |
Alok Inds | 27.54 |
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