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Welspun Corp surges on getting nod to raise Rs 500 crore

29 Jun 2021 Evaluate

Welspun Corp is currently trading at Rs. 146.45, up by 4.60 points or 3.24% from its previous closing of Rs. 141.85 on the BSE.

The scrip opened at Rs. 145.00 and has touched a high and low of Rs. 148.50 and Rs. 144.75 respectively. So far 153495 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 165.00 on 09-Jun-2021 and a 52 week low of Rs. 77.40 on 01-Jul-2020.

Last one week high and low of the scrip stood at Rs. 153.40 and Rs. 139.30 respectively. The current market cap of the company is Rs. 3826.82 crore.

The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 21.48% and 28.49% respectively.

Welspun Corp has received an approval for raising of funds by way of private placement up to Rs 500 crore by issuing Commercial Papers / NCD. The company has traditionally used this for raising Commercial Papers for routine working capital requirements. The Board of Directors of the company at its meeting held on June 28, 2021 has considered and approved the same.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.

Welspun Corp Share Price

1091.75 14.40 (1.34%)
20-Apr-2026 10:27 View Price Chart
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