Welspun India jumps on the bourses
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Welspun India is currently trading at Rs. 142.00, up by 4.50 points or 3.27% from its previous closing of Rs. 137.50 on the BSE.
The scrip opened at Rs. 134.20 and has touched a high and low of Rs. 142.60 and Rs. 134.20 respectively. So far 117538 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.75 on 12-Oct-2021 and a 52 week low of Rs. 65.55 on 27-Jan-2021.
Last one week high and low of the scrip stood at Rs. 154.85 and Rs. 132.20 respectively. The current market cap of the company is Rs. 14035.37 crore.
The promoters holding in the company stood at 70.36%, while Institutions and Non-Institutions held 13.97% and 15.67% respectively.
Welspun India has committed to the Science Based Targets initiative (SBTi) of Net-Zero Standard and Business Ambition for 1.5 °C to mitigate its GHG emissions. Science Based Target initiative (SBTi) Business Ambition for 1.5 °C is an urgent call to action from a global coalition of UN agencies and business and industry leaders, in partnership with the Race to Zero.
As part of the pledge, the company strives to achieve net zero emissions by setting up a target aligned with the SBTi NetZero Framework. Further, it aims to develop a decarbonisation roadmap to minimize its emission across the value chain operations through initiatives. This would include reducing its greenhouse gas emissions through periodic review of GHG inventory, persistent increase in annual sourcing of renewable energy, identifying climate related business risks and reporting as per the guidelines of TCFD (Task force on Climate related Financial Disclosures).
The company has also secured ISO 14001 certifications for its facilities and implemented robust environment management systems to ensure eco-friendly operations.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
