The company's sales reported its Q4 net profit stood at Rs.1460 crore in Q4 as compared to Rs.1,540 crore in Q3 FY16.
Welspun India Ltd, Asia's largest and the 2nd largest Terry Towel producers, reported its Q4 net profit stood at Rs.193 crore in Q4 as compared to Rs 71.5 crore in Q3 FY16. The company's sales reported its Q4 net profit stood at Rs.1460 crore in Q4 as compared to Rs.1,540 crore in Q3 FY16.
Stock view:
Welspun India Ltd is currently trading at Rs. 98.6, down by Rs. 0.9 or 0.9% from its previous closing of Rs. 99.5 on the BSE.
The scrip opened at Rs. 100 and has touched a high and low of Rs. 100.9 and Rs. 98.25 respectively. So far 737744(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9997.02 crore.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 111 on 23-Mar-2016 and a 52 week low of Rs. 35.8 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 101 and Rs. 90 respectively.
The promoters holding in the company stood at 73.48 % while Institutions and Non-Institutions held 15.47 % and 11.05 % respectively.
The stock is currently trading above its 50 DMA.
Stock view:
Welspun India Ltd is currently trading at Rs. 98.6, down by Rs. 0.9 or 0.9% from its previous closing of Rs. 99.5 on the BSE.
The scrip opened at Rs. 100 and has touched a high and low of Rs. 100.9 and Rs. 98.25 respectively. So far 737744(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9997.02 crore.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 111 on 23-Mar-2016 and a 52 week low of Rs. 35.8 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 101 and Rs. 90 respectively.
The promoters holding in the company stood at 73.48 % while Institutions and Non-Institutions held 15.47 % and 11.05 % respectively.
The stock is currently trading above its 50 DMA.
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