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Welspun Corp Gains 5%; BSE CAPITAL GOODS Index Up 0.3%
Mon, 12 Aug 14:31

Welspun Corp Gains 5%; BSE CAPITAL GOODS Index Up 0.3%Image source: phive2015/www.istockphoto.com

Welspun Corp share price has zoomed 5% and is presently trading at Rs 690.0.

Meanwhile, the BSE CAPITAL GOODS index is at 72,745.3 (up 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 4.5%) and Graphite India (up 3.9%).

ABB (down 3.0%) and TIMKEN INDIA (down 2.4%) are among the top losers today.

Over the last one year, Welspun Corp has moved up from Rs 334.1 to Rs 690.0, registering a gain of Rs 356.0 (up 106.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,202.8 to 72,745.3, registering a gain of 68.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 204.2%), HINDUSTAN AERO. (up 151.1%) and Bharat Electronics (up 134.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,862.6 (up 0.2%).

The top gainers among the BSE Sensex today are Axis Bank (up 1.9%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,407.9 (up 0.2%). Axis Bank and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,862.6, registering a gain of 14,016.1 points (up 21.3%).

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 2023, Welspun Corp reported 55.2% decrease in net profit to Rs 1,992 million compared to net profit of Rs 4,442 million during FY22. Revenue of the company grew 50.0% to Rs 97,581 million during FY23.

The current Price to earnings ratio of Welspun Corp, based on rolling 12 month earnings, stands at 20.1.

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