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Welspun Corp spurts on promoter hiking its stake

20 Dec 2013 Evaluate

Welspun Corp is currently trading at Rs. 46.55, up by 2.40 points or 5.44 % from its previous closing of Rs. 44.15 on the BSE.

The scrip opened at Rs. 44.30 and has touched a high and low of Rs. 49.40 and Rs. 44.00 respectively. So far 363133 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 111.50 on 20-Dec-2012 and a 52 week low of Rs. 26.65 on 21-Aug-2013.

Last one week high and low of the scrip stood at Rs. 44.15 and Rs. 34.80 respectively. The current market cap of the company is Rs. 1224.02 crore.

The promoters holding in the company stood at 37.05% while Institutions and Non-Institutions held 14.79% and 39.40% respectively

Welspun Corp’s promoter has increased its holding in the company by buying 50,000 shares through open market. Krishiraj Trading has purchased 30,572 shares on the BSE and 22,926 shares on the NSE at an average price of Rs 35.90.

Post acquisition, total holding of Krishiraj Trading in the company increased to 31.59% from 31.57%.

Welspun Corp, the flagship company of the $3.5 billion Welspun Group, is one stop service provider offering complete pipe solution with a capability to manufacture line pipes ranging from half inch to 120 inches, along with specialized coating, double jointing and bending.

Welspun Corp Share Price

1100.75 23.10 (2.14%)
21-Apr-2026 16:59 View Price Chart
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