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Welspun Corp trades in green despite reporting 96% drop in Q1 net profit

16 Aug 2012 Evaluate

Welspun Corp is currently trading at Rs 100.85, up by 0.65 points or 0.65% from its previous closing of Rs 100.20 on the BSE.

The scrip, which opened at previous day's close, touched a high and low of Rs 101.25 and Rs 99.00 respectively. So far 6376 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 156.50 on 17-Feb-2012 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 106.00 and Rs 98.10 respectively. The current market cap of the company is Rs 2320.14 crore.

The promoters holding in the company stood at 37.96% while Institutions and Non-Institutions held 32.91% and 19.02% respectively.

Welspun Corp has reported a fall of 96.10% in its net profit at Rs 2.94 crore for the quarter, as compared to Rs 75.46 crore for the same quarter in the previous year.   However, total income of the company has increased by 21.88% to Rs 1881.69 crore for the quarter under review as compared to Rs 1543.93 crore for the quarter ended June 30, 2011.

On consolidated basis, the company has reported a fall of 93.73% in its net profit at Rs 7.47 crore for the quarter, as compared to Rs 119.11 crore for the same quarter in the previous year. However, total income of the company has increased by 45.21% to Rs 2620.55 crore for the quarter under review as compared to Rs 1804.63 crore for the quarter ended June 30, 2011.

Welspun Corp Share Price

1077.35 0.20 (0.02%)
17-Apr-2026 16:59 View Price Chart
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