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%).
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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 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.
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