Welspun Corp rises as its arm gets 'kitemark' certificate by BSI UK
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Welspun Corp is currently trading at Rs. 212.50, up by 1.95 points or 0.93% from its previous closing of Rs. 210.55 on the BSE.
The scrip opened at Rs. 209.65 and has touched a high and low of Rs. 214.00 and Rs. 208.50 respectively. So far 29376 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 298.35 on 22-Sep-2022 and a 52 week low of Rs. 139.10 on 16-Mar-2022.
Last one week high and low of the scrip stood at Rs. 214.55 and Rs. 198.90 respectively. The current market cap of the company is Rs. 5557.50 crore.
The promoters holding in the company stood at 49.90%, while Institutions and Non-Institutions held 19.01% and 31.09% respectively.
Welspun Corp’s wholly owned subsidiary -- Welspun DI Pipes has received the ‘Kitemark’ certificate by British Standards Institution (BSI) UK for size range of 100 to 1,000 DN against EN 545 and ISO 2531 standards. These are the international standards for Ductile Iron pipes used for transportation of potable water. This will immensely help it to expand its international customer base as well as open multiple business opportunities in Commonwealth countries, and in general many other countries in South East Asia, Middle East, Africa and Europe.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
