Welspun Corp jumps on bagging orders of Rs 777 crore
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Welspun Corp is currently trading at Rs. 131.80, up by 2.55 points or 1.97% from its previous closing of Rs. 129.25 on the BSE.
The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 136.20 and Rs. 129.30 respectively. So far 64132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 145.50 on 08-Jan-2021 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. 137.70 and Rs. 127.60 respectively. The current market cap of the company is Rs. 3438.46 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 19.99% and 29.99% respectively.
Welspun Corp has received multiple orders of approximately 93 KMT valuing close to Rs 777 crore. This includes a single order of approximately 50 KMT received from a large client in Middle East which would be executed from our facility in Saudi Arabia. Most of the other orders received will be executed from company’s facilities in India for domestic market.
With these orders, the Company’s order book stands at 586 KMT valued at approximately Rs 5,300 crore, after considering execution up to February 2021.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
