Welspun India jumps on foraying into health, hygiene segment

11 Jun 2020 Evaluate
Welspun India is currently trading at Rs. 33.70, up by 0.95 points or 2.90% from its previous closing of Rs. 32.75 on the BSE.

The scrip opened at Rs. 33.50 and has touched a high and low of Rs. 34.35 and Rs. 33.50 respectively. So far 17348 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 59.30 on 29-Oct-2019 and a 52 week low of Rs. 18.30 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 35.80 and Rs. 31.00 respectively. The current market cap of the company is Rs. 3385.92 crore.

The promoters holding in the company stood at 68.89%, while Institutions and Non-Institutions held 13.79% and 17.32% respectively.

Welspun India is foraying into health and hygiene segment as it responds to the challenges of the coronavirus pandemic. Under the Welspun Health vertical, the company is offering a range of hygiene products for medical professionals as well as personal care products such as masks, wipes, medical gowns, disposable linen, coveralls, hand sanitising wipes, surface disinfectant wipes among others.

The company is repurposing its decade old technical textiles unit for its new venture. Technical textiles include textiles for automotive applications, medical textiles, agrotextiles and protective clothing, among others.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

Welspun Living Share Price

137.65 0.20 (0.15%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
PDS 475.00
Vardhman Textiles 445.00
Arvind 269.20
Welspun Living 137.65
Alok Inds 25.75
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