Welspun Corp Ltd Share Price (WELCORP)

Private Companies and Institutions Lose Value in Welspun Corp - 18 Apr, 2024

Following a 3% decrease in the stock price, private companies and institutions who hold considerable shares in Welspun Corp have lost value. Private companies own 50% of the business, while institutions own 22%. The top two shareholders hold 57% of the company's shares.

Welspun Corp Ltd stock up 2.36% on NSE - 04 Apr, 2024

Welspun Corp Ltd stock is trading at Rs 574.75, up 2.36% on the day as of 12:44 IST on NSE. The stock has gained 169.27% in the last year compared to a 27.97% spurt in NIFTY and a 57.82% spurt in Nifty Metal. The PE ratio based on TTM earnings ending December 23 is 25.38.

Welspun Corp Ltd stock up 1.24% on NSE - 02 Apr, 2024

Welspun Corp Ltd stock is trading at Rs 558.6, up 1.24% on the day and has gained 171.49% in the last year compared to a 28.88% jump in NIFTY and a 57.55% jump in the Nifty Metal index. The PE of the stock is 25.38 based on TTM earnings ending December 23.

Welspun Corp Achieves High Rankings in Sustainability Assessment - 30 Mar, 2024

Welspun Corp achieves high rankings in S&P Global's Corporate Sustainability Assessment, placing it among the top 5% of global companies in the steel sector. However, its P/E ratio is lower than the market due to negative earnings growth forecasts.

Welspun Corp's Subsidiary to Invest up to Rs 2,355 Crore in Manufacturing Facilities - 28 Mar, 2024

Sintex-BAPL, a wholly-owned subsidiary of Welspun Corp, has finalised an investment proposal of up to Rs 2,355 crore spread over FY25 and FY26 for manufacturing plastic pipes and water storage facilities across several states. The investment will be funded through a combination of debt and equity to meet the growing demand in the water distribution and storage industry. The company estimates that India's plastic pipes industry may reach a potential value of around Rs 65,000 crore by 2030.

Welspun Subsidiary Invests in Manufacturing Units - 27 Mar, 2024

Sintex-BAPL, a wholly owned subsidiary of Welspun Corp, will invest up to Rs 2,355 crore in manufacturing units for plastic pipes and water storage across four states. The investment is expected to cater to the growing water storage and distribution segment and strengthen Welspun's position in the B2C segment.

Welspun Corp Receives Order Worth Rs 512 Crore - 26 Mar, 2024

Welspun Corp's associate company, East Pipes Integrated Company (EPIC), has won a Rs 512 crore order for the manufacture and supply of steel pipes. Meanwhile, EPIC also cancelled a SAR 153 million contract with Aramco.

Welspun Corp Bags Line Pipe Orders Worth Rs 2,039 Crore - 22 Mar, 2024

Welspun Corp receives line pipe orders cumulatively valued at Rs 2,039 crore from India and the US to be executed in FY25, reaffirming its dominant position in the onshore gas transmission sector.