Welspun India inches up as its promoters raises stake

18 Jul 2012

Welspun India is currently trading at Rs. 53.00, up by 0.05 points or 0.09% from its previous closing of Rs. 52.95 on the BSE.

The scrip opened at Rs. 53.80 and has touched a high and low of Rs. 53.80 and Rs. 53.00 respectively. So far 16129 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.50 on 16-Jul-2012 and a 52 week low of Rs. 22.15 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 55.50 and Rs. 51.60 respectively. The current market cap of the company is Rs. 472.50 crore.

The promoters holding in the company as per March 31, 2012 stood at 46.57% while Institutions and Non-Institutions held 27.48% and 25.94% respectively.  

Mumbai-headquartered Welspun India’s promoters have hiked their stake to 59.56% in the company. The promoters have acquired 11.50% stake or 1.02 crore shares for Rs 55.30 crore from the open market. The shares were acquired by Krishiraj Trading, a constituent of Welspun Promoter Group.

Welspun India manufactures home textile products in bed and bath segments such as bed linen, basic bedding, decorative bedding, terry towels, rugs and yarn.

Related Welspun India Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323