WPIL is currently trading at Rs. 389.90, up by 8.80 points or 2.31% from its previous closing of Rs. 381.10 on the BSE.
The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 391.00 and Rs. 385.00 respectively. So far 313 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 907.90 on 04-Jul-2019 and a 52 week low of Rs. 217.55 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 374.00 respectively. The current market cap of the company is Rs. 381.89 crore.
The promoters holding in the company stood at 69.29%, while Institutions and Non-Institutions held 8.19% and 22.52% respectively.
WPIL’s Australian subsidiary -- Sterling Pumps has acquired UCP Australia business as part of their business development. This acquisition strengthens company’s product offering and market reach in the highly engineered Oil & Gas (American Petroleum Institute) pumps segment with a focus on critical applications.
Further, the company sees strong operational synergies between Sterling and UCP which would be leveraged to increase the combined efficiency in areas of Engineering, Operations, supply chain etc. The combined entity would be an important part of the Australian engineered pump segment.
WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.
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