Welspun India surges as Welspun Infra Developers buys 0.57% stake in the company

03 Mar 2014

Welspun India is currently trading at Rs. 103.50, up by 0.85 points or 0.83% from its previous closing of Rs. 102.65 on the BSE.

The scrip opened at Rs. 103.50 and has touched a high and low of Rs. 106.15 and Rs. 101.35 respectively. So far 90608 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.15 on 03-Mar-2014 and a 52 week low of Rs. 46.50 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 106.15 and Rs. 97.50 respectively. The current market cap of the company is Rs. 1037.34 crore.

The promoters holding in the company stood at 68.76% while Institutions and Non-Institutions held 16.77% and 14.47% respectively.

Welspun Infra Developers has purchased 0.57% stake in Welspun India, the home textile manufacturer. It has bought 578,348 equity shares of Welspun India at Rs 101.47 a piece via block deal that was worth nearly Rs 6 crore. The shares were purchased on the National Stock Exchange (NSE) on February 28, 2014.

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


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719