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 Plunges 5%; BSE CAPITAL GOODS Index Down 0.8%
Mon, 11 Nov 9:29

Welspun Corp Plunges 5%; BSE CAPITAL GOODS Index Down 0.8%Image source: DNY59/www.istockphoto.com

Welspun Corp share price has plunged 5% and is presently trading at Rs 735.4.

Meanwhile, the BSE CAPITAL GOODS index is at 68,929.4 (down 0.8%).

Among the top losers in the BSE CAPITAL GOODS index today are Bharat Forge (down 2.0%) and Finolex Cables (down 1.8%).

Honeywell Automation (up 0.7%) and Thermax (up 0.3%) are among the top gainers today.

Over the last one year, Welspun Corp has moved up from Rs 452.1 to Rs 735.4, registering a gain of Rs 283.4 (up 62.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,047.2 to 68,929.4, registering a gain of 46.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 116.7%), Bharat Electronics (up 114.5%) and Siemens (up 111.6%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,175.8 (down 0.4%).

The top losers among the BSE Sensex today are Asian Paints (down 7.8%) and Axis Bank (down 1.4%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,064.3 (down 0.4%). Asian Paints and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,175.8, registering a gain of 14,233.4 points (up 21.9%).

Welspun Corp Financial Update...

Welspun Corp net profit fell 20.1% YoY to Rs 2,093 million for the quarter ended September 2024, compared to a profit of Rs 2,619 million a year ago. Net sales declined 18.7% to Rs 33,018 million during the period as against Rs 40,595 million in July-September 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 22.7.


Equitymaster requests your view! Post a comment on "Welspun Corp Plunges 5%; BSE CAPITAL GOODS Index Down 0.8%". Click here!