Welspun Corp is locked at upper circuit limit of Rs. 113.70, up by 5.40 points or 4.99% from its previous closing of Rs. 108.30 on the BSE.
The scrip opened at Rs. 113.70 and has touched a high and low of Rs. 113.70 and Rs. 111.95 respectively. So far 41746 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 233.70 on 11-Feb-2020 and a 52 week low of Rs. 55.00 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 113.70 and Rs. 97.60 respectively. The current market cap of the company is Rs. 2825.38 crore.
The promoters holding in the company stood at 47.49%, while Institutions and Non-Institutions held 17.77% and 34.74% respectively.
Welspun Corp has received multiple orders of approximately 147 KMT valuing close to Rs 1,400 crore. These orders would be executed from India and will help boost the mill utilization for its India facilities. The inflow of orders is not only from the domestic O&G and Water business but also from exports. This indicates company’s strong positioning in all the markets. With these orders, the company's order book stands at 755 KMT valued at approximately Rs 6,300 crore, after considering execution up to August 2020.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
