Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Welspun Corp Gains 3%; BSE CAPITAL GOODS Index Down 0.5%
Thu, 7 Nov 15:38

Welspun Corp Gains 3%; BSE CAPITAL GOODS Index Down 0.5%Image source: asbe/www.istockphoto.com

Welspun Corp share price has zoomed 3% and is presently trading at Rs 798.0.

Meanwhile, the BSE CAPITAL GOODS index is at 70,113.6 (down 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 0.9%) and TIMKEN INDIA (up 0.7%).

ADANI GREEN ENERGY (down 3.9%) and ABB (down 2.4%) are among the top losers today.

Over the last one year, Welspun Corp has moved up from Rs 449.9 to Rs 798.0, registering a gain of Rs 348.2 (up 77.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 70,113.6, registering a gain of 49.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.6%), Bharat Electronics (up 117.6%) and Siemens (up 110.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,541.8 (down 1.0%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.2%) and Tata Motors (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,194.6 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,541.8, registering a gain of 14,583.1 points (up 22.4%).

Welspun Corp Financial Update...

Welspun Corp net profit grew 15.2% YoY to Rs 2,079 million for the quarter ended June 2024, compared to a profit of Rs 1,804 million a year ago. Net sales declined 22.9% to Rs 31,372 million during the period as against Rs 40,693 million in April-June 2023.

For the year ended March 2024, Welspun Corp reported 470.4% increase in net profit to Rs 11,360 million compared to net profit of Rs 1,992 million during FY23. Revenue of the company grew 77.7% to Rs 173,396 million during FY24.

The current Price to earnings ratio of Welspun Corp, based on rolling 12 month earnings, stands at 23.2.


Equitymaster requests your view! Post a comment on "Welspun Corp Gains 3%; BSE CAPITAL GOODS Index Down 0.5%". Click here!