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Welspun Corp shines on bagging additional pipe orders of 180 KMT

11 Apr 2019 Evaluate

Welspun Corp is currently trading at Rs. 142.00, up by 3.80 points or 2.75% from its previous closing of Rs. 138.20 on the BSE.

The scrip opened at Rs. 143.20 and has touched a high and low of Rs. 146.50 and Rs. 141.60 respectively. So far 52847 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 186.90 on 06-Sep-2018 and a 52 week low of Rs. 89.30 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 149.50 and Rs. 136.30 respectively. The current market cap of the company is Rs. 3665.42 crore.

The promoters holding in the company stood at 48.65%, while Institutions and Non-Institutions held 14.90% and 36.45% respectively.

Welspun Corp has received additional pipe orders of 180 KMT on a global basis. Out of these additional orders, 136 KMT will be serviced from India, with a major portion to be executed from the facility in Madhya Pradesh and balance mainly from Americas.

Accordingly, the Company’s order book at the start of financial year stands at 1,661 KMT valued at Rs 141 billion after considering the above additions and the execution up to March 2019.

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.

Welspun Corp Share Price

1090.90 13.55 (1.26%)
20-Apr-2026 10:29 View Price Chart
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