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Welspun Corp is currently trading at Rs. 96.80, up by 0.35 points or 0.36% from its previous closing of Rs. 96.45 on the BSE.
The scrip opened at Rs. 97.90 and has touched a high and low of Rs. 98.60 and Rs. 96.00 respectively. So far 18331 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. 102.40 and Rs. 94.60 respectively. The current market cap of the company is Rs. 2225.82 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 (WCL), the second largest (large diameter) pipe company in the world, and the flagship company of the $3.5 billion Welspun Group has successfully concluded the placement of Rs 200 crore secured redeemable non convertible debentures (NCD’s). The NCD’s was placed amongst marquee investors including banks and financial institutions.
The company has raised Rs 200 crore by way of NCD’s with tenure of 5 year / 7 years. The NCD’s were raised (excluding issue expense) at a coupon of 11.15% per annum with maturity at the end of the 7th year and put/call option at the end of 5 years and at 11.25% per annum with maturity at the end of 7th year without any put/call option.
Besides, the issue was dual rated at ‘AA (-)’ thus affirming that the instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations.
| Company Name | CMP |
|---|---|
| JSW Steel | 855.00 |
| Tata Steel | 158.80 |
| SAIL | 133.20 |
| Jindal Stainless | 757.65 |
| Jindal Saw | 480.65 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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