Welspun Corp is currently trading at Rs. 149.70, up by 6.75 points or 4.72% from its previous closing of Rs. 142.95 on the BSE.
The scrip opened at Rs. 143.55 and has touched a high and low of Rs. 152.75 and Rs. 143.55 respectively. So far 122055 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 197.00 on 22-Jan-2018 and a 52 week low of Rs. 81.00 on 19-Apr-2017.
Last one week high and low of the scrip stood at Rs. 157.00 and Rs. 142.30 respectively. The current market cap of the company is Rs. 3912.09 crore.
The promoters holding in the company stood at 48.25%, while Institutions and Non-Institutions held 14.57% and 37.18% respectively.
Welspun Corp has been awarded a contract for supply of 114K MTs of large diameter pipes for a water project in the MENA Region. With this addition, the company’s current order book stands at an all-time high of 1,605K MTs valued at Rs 10240 crore.
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.
