Welspun Specialty Solutions shines on winning significant strategic order
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Welspun Specialty Solutions is currently trading at Rs. 21.10, up by 1.22 points or 6.14% from its previous closing of Rs. 19.88 on the BSE.
The scrip opened at Rs. 20.19 and has touched a high and low of Rs. 21.25 and Rs. 20.19 respectively. So far 849031 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 6 has touched a 52 week high of Rs. 21.25 on 22-May-2023 and a 52 week low of Rs. 14.00 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 21.25 and Rs. 19.00 respectively. The current market cap of the company is Rs. 1115.84 crore.
The promoters holding in the company stood at 55.17%, while Institutions and Non-Institutions held 0.03% and 44.80% respectively.
Welspun Specialty Solutions (WSSL) has won significant strategic order, successful delivery of which will pave way for many more opportunities in high value add product segment (nickel alloy tubing). This milestone achievement not only reaffirms WSSL's strategy to be recognised as world-class manufacturer but also sets the stage for higher future potential and increased market presence.
The newly secured order is for material Grade ‘UNS N06625’ HP seamless hydraulic & instrumentation (H&I) tubes for a critical application in the Oil and Gas sector in Europe. It is an evidence of WSSL’s steadfast focus on excellence, customer centricity and technology & innovation. The company has emerged as a preferred partner for clients seeking high-quality, reliable and customized stainless steel bars and seamless pipes & tubes.
Welspun Specialty Solutions (Erstwhile RMG Alloy Steel), is a world class manufacturer of best in class Alloy & Stainless-Steel products that are globally benchmarked.
