Welspun Corp rises on bagging order from Middle East
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Welspun Corp is currently trading at Rs. 753.25, up by 13.35 points or 1.80% from its previous closing of Rs. 739.90 on the BSE.
The scrip opened at Rs. 745.85 and has touched a high and low of Rs. 762.70 and Rs. 739.00 respectively. So far 45491 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 762.70 on 30-Sep-2024 and a 52 week low of Rs. 376.55 on 04-Oct-2023.
Last one week high and low of the scrip stood at Rs. 762.70 and Rs. 653.05 respectively. The current market cap of the company is Rs. 19676.20 crore.
The promoters holding in the company stood at 50.03%, while Institutions and Non-Institutions held 20.26% and 29.71% respectively.
Welspun Corp has received a prestigious order from the Middle East for supply of Coated LSAW Pipes and Bends for sour service. With this, the cumulative value of the line pipe orders received both in India and USA stands at around Rs 1,348 crore since its last disclosure made on July 24, 2024. The execution of these orders will be during FY25 and FY26.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
