The dividend shall be paid on the post-stock split face value, i.e., Re. 0.60/- per equity share having a nominal value of Re. 1/-.
Welspun India Ltd has informed BSE that the pre-stock split rate of dividend is Rs. 6/- per equity share having nominal value of Rs. 10/- and the post-stock split rate of dividend is Re. 0.60/- per equity share having nominal value of Re. 1/-.
Further, the dividend shall be paid on the post-stock split face value i.e. Re. 0.60/- per equity share having nominal value of Re. 1/-.
In value terms, 2nd interim dividend amount is 60% of paid-up equity share capital of the Company. The Board had declared 1st interim dividend at the rate of 65% of paid equity share capital.
Stock view:
Welspun India Ltd ended at Rs. 97.5, up by Rs. 3.74 or 3.99% from its previous closing of Rs. 93.76 on the BSE.
The scrip opened at Rs. 94 and touched a high and low of Rs. 98.2 and Rs. 93.55 respectively. A total of 917275(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9796.07 crore.
The BSE group 'B' stock of face value Rs. 1 touched a 52 week high of Rs. 100.72 on 14-Mar-2016 and a 52 week low of Rs. 32.1 on 26-Mar-2015. Last one week high and low of the scrip stood at Rs. 99.7 and Rs. 92.65 respectively.
The promoters holding in the company stood at 73.48 % while Institutions and Non-Institutions held 13.68 % and 12.84 % respectively.
The stock traded below its 50 DMA.
Welspun India Ltd has informed BSE that the pre-stock split rate of dividend is Rs. 6/- per equity share having nominal value of Rs. 10/- and the post-stock split rate of dividend is Re. 0.60/- per equity share having nominal value of Re. 1/-.Further, the dividend shall be paid on the post-stock split face value i.e. Re. 0.60/- per equity share having nominal value of Re. 1/-.
In value terms, 2nd interim dividend amount is 60% of paid-up equity share capital of the Company. The Board had declared 1st interim dividend at the rate of 65% of paid equity share capital.
Stock view:
Welspun India Ltd ended at Rs. 97.5, up by Rs. 3.74 or 3.99% from its previous closing of Rs. 93.76 on the BSE.
The scrip opened at Rs. 94 and touched a high and low of Rs. 98.2 and Rs. 93.55 respectively. A total of 917275(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9796.07 crore.
The BSE group 'B' stock of face value Rs. 1 touched a 52 week high of Rs. 100.72 on 14-Mar-2016 and a 52 week low of Rs. 32.1 on 26-Mar-2015. Last one week high and low of the scrip stood at Rs. 99.7 and Rs. 92.65 respectively.
The promoters holding in the company stood at 73.48 % while Institutions and Non-Institutions held 13.68 % and 12.84 % respectively.
The stock traded below its 50 DMA.
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