Welspun Corp inches up as its arm incorporates wholly-owned subsidiary
Welspun Corp is currently trading at Rs. 797.10, up by 1.85 points or 0.23% from its previous closing of Rs. 795.25 on the BSE.
The scrip opened at Rs. 809.55 and has touched a high and low of Rs. 809.55 and Rs. 792.35 respectively. So far 1583 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 835.00 on 03-Jan-2025 and a 52 week low of Rs. 441.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 809.55 and Rs. 665.70 respectively. The current market cap of the company is Rs. 20863.34 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 25.82% and 24.18% respectively.
Welspun Corp’s wholly-owned subsidiary -- Welspun Tradings has incorporated a wholly-owned subsidiary viz. Nauyaan Tradings. The Certificate of Incorporation has been received on March 07, 2025, issued by the Registrar of Companies, Central Registration Centre. The main objective to incorporate a wholly-owned subsidiary is to serve as a SPV for holding shipyard assets.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
