WPIL surges as its arm acquires 100% stake in MISA ITALY
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WPIL is currently trading at Rs. 747.35, up by 27.75 points or 3.86% from its previous closing of Rs. 719.60 on the BSE.
The scrip opened at Rs. 729.00 and has touched a high and low of Rs. 768.00 and Rs. 729.00 respectively. So far 125288 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 768.00 on 08-Jan-2025 and a 52 week low of Rs. 298.78 on 05-Mar-2024.
Last one week high and low of the scrip stood at Rs. 768.00 and Rs. 690.55 respectively. The current market cap of the company is Rs. 7350.70 crore.
The promoters holding in the company stood at 70.80%, while Institutions and Non-Institutions held 8.29% and 20.91% respectively.
WPIL’s European subsidiary -- Gruppo Aturia has acquired 100% shareholding of MISA ITALY, based in Arzignano, Italy on January 7, 2025. Misa is a leading Italian company in the business of large pumping station projects and supply of pumps and hydro turbines with a rich heritage dating back to 1901 and large reference list across Europe and North Africa.
This acquisition further strengthens Gruppo Aturia as a leading European supplier of large pumps and adds pumping station project capability enabling it to provide turnkey solutions to its markets.
WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.
