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Welspun Corp Plunges 4%; BSE CAPITAL GOODS Index Down 0.5%
Tue, 8 Oct 9:27

Welspun Corp Plunges 4%; BSE CAPITAL GOODS Index Down 0.5%Image source: ThinkNeo/www.istockphoto.com

Welspun Corp share price has plunged 4% and is presently trading at Rs 662.8.

Meanwhile, the BSE CAPITAL GOODS index is at 68,442.0 (down 0.5%).

Among the top losers in the BSE CAPITAL GOODS index today are AIA Engineering (down 2.5%) and Lakshmi Machine (down 2.3%).

Graphite India (up 0.4%) and L&T (up 0.3%) are among the top gainers today.

Over the last one year, Welspun Corp has moved up from Rs 380.2 to Rs 662.8, registering a gain of Rs 282.7 (up 74.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,570.0 to 68,442.0, registering a gain of 43.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 116.8%), BHEL (up 100.5%) and Siemens (up 99.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,100.6 (up 0.1%).

The top gainers among the BSE Sensex today are M&M (up 1.2%) and Ultratech Cement (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,810.0 (up 0.1%). M&M and Hindustan Unilever are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,100.6, registering a gain of 15,874.5 points (up 24.3%).

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 19.3.


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