Welspun Corp moves up as its arm to set up manufacturing facility in Madhya Pradesh
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Welspun Corp is currently trading at Rs. 548.90, up by 4.20 points or 0.77% from its previous closing of Rs. 544.70 on the BSE.
The scrip opened at Rs. 541.60 and has touched a high and low of Rs. 553.00 and Rs. 541.60 respectively. So far 14377 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 625.00 on 06-Feb-2024 and a 52 week low of Rs. 186.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 567.80 and Rs. 507.75 respectively. The current market cap of the company is Rs. 14377.29 crore.
The promoters holding in the company stood at 49.96%, while Institutions and Non-Institutions held 21.79% and 28.26% respectively.
Welspun Corp’s step down subsidiary -- Sintex Advance Plastics (SAPL) has planned to set up a manufacturing facility for Plastic Pipes and Water Storage Tanks in Madhya Pradesh for an approximate investment of Rs 400 crore. The project is likely to be implemented over the next six quarters and create employment opportunities for about 350 people.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
