Welspun Specialty Solutions surges on bagging orders worth Rs 21 crore
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Welspun Specialty Solutions is currently trading at Rs. 35.60, up by 0.73 points or 2.09% from its previous closing of Rs. 34.87 on the BSE.
The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 35.99 and Rs. 35.00 respectively. So far 47089 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 6 has touched a 52 week high of Rs. 40.58 on 30-Aug-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. 36.39 and Rs. 34.70 respectively. The current market cap of the company is Rs. 1881.29 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 has received orders for aggregative amount of Rs 21 crore (including taxes) for supply of Stainless steel bars from a domestic customer, unrelated party. The said order is expected to be executed by the end of October 2023.
The Company has received the said orders in normal course of business. The said transaction is not falling under related party transactions and is done at arm’s length basis.
Welspun Specialty Solutions (Erstwhile RMG Alloy Steel), is a world class manufacturer of best in class Alloy & Stainless-Steel products that are globally benchmarked.
