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Welspun Corp is currently trading at Rs. 245.30, up by 2.90 points or 1.20% from its previous closing of Rs. 242.40 on the BSE.

The scrip opened at Rs. 242.65 and has touched a high and low of Rs. 246.70 and Rs. 242.05 respectively. So far 22268 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. 135.55 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 252.00 and Rs. 234.05 respectively. The current market cap of the company is Rs. 6363.01 crore.

The promoters holding in the company stood at 49.90%, while Institutions and Non-Institutions held 20.23% and 29.87% respectively.

Welspun Corp has received the possession of moveable properties (partially built obsolete ships, metal and scrap) from the Liquidator of ABG Shipyard (Liquidator). Further, the Company’s wholly owned subsidiary i.e. Nauyaan Shipyard (Nauyaan) has received the possession of immovable property at Dahej, Gujarat from the Liquidator.

As regards the leasehold lands at Dahej, Gujarat, the Liquidator (along with Nauyaan) are in the process of taking necessary steps with Gujarat Industrial Development Corporation and Gujarat Maritime Board for completion of substitution/ transfer formalities.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.