Welspun Corp gains on getting export order from South East Asia
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Welspun Corp is currently trading at Rs. 210.55, up by 1.00 points or 0.48% from its previous closing of Rs. 209.55 on the BSE.
The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 212.50 and Rs. 207.00 respectively. So far 57830 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 222.00 on 22-Apr-2022 and a 52 week low of Rs. 106.00 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 222.00 and Rs. 200.00 respectively. The current market cap of the company is Rs. 5517.77 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 16.64% and 33.35% respectively.
Welspun Corp has received a major export order from South East Asia of approximately 55,000 MT, for manufacture and supply of pipes for a critical offshore application. This order would be executed from the company’s facilities in India and majority of it would be supplied in this Financial Year (FY23). This order reflects company’s strong customer centric approach, culture of engineering excellence and robust track record which has resulted in global leadership in delivering critical pipe solutions for large, complex and challenging projects worldwide.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
