Welspun Corp share price surged as much as 12.9 per cent in the morning trade on Friday after the company on Thursday post market hours updated stock exchanges about its new order. (Reuters)
Welspun Corp share price surged as much as 12.9 per cent in the morning trade on Friday after the company on Thursday post market hours updated stock exchanges about its new order. In a BSE filing, the company said, “Welspun Corp has won an order for supply of 216K MTs line pipes for an onshore project in Americas. With the addition of this order, current order book of the company has crossed 1040K MTs worth at Rs 6400 crore.”
At 10.36 am, the share price of Welspun Corporation was up 10.14 per cent at Rs 107.50 on BSE. The scrip opened at Rs 103 and had touched a high and low of Rs 110.25 and Rs 103, respectively, in trade so far. Sensex was up 121.91 points, or 0.47 per cent, at 26,080.54. The share price of the company later closed 10.45 per cent up at Rs 107.80.
Last one week high and low of the scrip stood at Rs 109.70 and Rs 95.00 respectively. The current market capitalisation of the company is Rs 2,829.14 crore.
The promoters holding in the company stood at 40.85 per cent while institutions and non-institutions held 13.83 per cent and 36.56 per cent respectively.
At present, Welspun Corp is in four businesses viz line pipes, energy, infrastructure and steel and enjoys a global leadership position in the first two businesses.
| Subscribe To Our Free Newsletter |
