Wednesday, 21 October 2015

Welspun Corp rises after order for offshore pipeline project

The company has won an order for supply of 90k MT (approx) line pipes for an offshore pipeline project in MENA region

Welspun Corp Ltd has announced that it has won an order for supply of 90k MT (approx) line pipes for an offshore pipeline project in MENA region.

Welspun Corp Ltd is currently trading at Rs. 114.1, up by Rs. 3.15 or 2.84% from its previous closing of Rs. 110.95 on the BSE.

The scrip opened at Rs. 115.4 and has touched a high and low of Rs. 117.1 and Rs. 113.25 respectively. So far 125547(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2919.94 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 153.6 on 05-Aug-2015 and a 52 week low of Rs. 51.9 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 115.8 and Rs. 108.25 respectively.

The promoters holding in the company stood at 40.85 % while Institutions and Non-Institutions held 13.83 % and 36.56 % respectively.

The stock is currently trading above its 50 DMA.

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