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Welspun Corp Gains 7%; BSE CAPITAL GOODS Index Up 1.8%
Fri, 16 Aug 15:43

Welspun Corp Gains 7%; BSE CAPITAL GOODS Index Up 1.8%Image source: phive2015/www.istockphoto.com

Welspun Corp share price has zoomed 7% and is presently trading at Rs 709.8.

Meanwhile, the BSE CAPITAL GOODS index is at 72,847.6 (up 1.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 3.2%) and GMR Infra (up 3.0%).

Finolex Cables (down 1.0%) and SKF India (down 0.3%) are among the top losers today.

Over the last one year, Welspun Corp has moved up from Rs 328.1 to Rs 709.8, registering a gain of Rs 381.8 (up 116.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,332.6 to 72,847.6, registering a gain of 68.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 191.1%), HINDUSTAN AERO. (up 145.2%) and Bharat Electronics (up 132.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,436.8 (up 1.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.9%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,539.2 (up 1.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,436.8, registering a gain of 15,034.9 points (up 23.0%).

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 20.7.


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