WELSPUN INDIA Plunges by 5%; BSE 500 Index Down 2.0%
September 24, 2018 12:42 PM

WELSPUN INDIA share price has plunged 5% and is presently trading at Rs 67.

Meanwhile, the BSE 500 Index is at 14,995 (down 2.0%).

Among the top losers in the BSE 500 Index today are WELSPUN INDIA (down 5.4%) and MARUTI SUZUKI (down 5.1%).

TCS (up 3.4%) and ENTERTAINMENT NETWORK (up 2.8%) are among the top gainers today.

Over the last one year, WELSPUN INDIA has moved down from Rs 73 to Rs 67, registering a loss of Rs 7 (down 9.2%)..

The BSE 500 has moved up from 14,110 to 14,995, registering a gain of 885 points (up 6.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 272.9%), INDIABULLS VENTURES (up 160.6%) and SONATA SOFTWARE (up 147.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,946 (down 1.5%). The top gainers among the BSE Sensex stocks today are TCS (up 3.4%), COAL INDIA (up 2.1%) and INFOSYS LTD (up 2.0%). Other gainers include ONGC (up 1.9%) and NTPC (up 1.4%). The most traded stocks in the BSE Sensex are VEDANTA LTD and INFOSYS LTD.

In the meantime, NSE Nifty is at 11,170 (down 1.4%). TCS (up 3.5%) and TECH MAHINDRA (up 2.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,370 to 36,946, registering a gain of 4,576 points (up 12.2%).

WELSPUN INDIA Financial Update...

WELSPUN INDIA net profit down at Rs 1 billion for the quarter ended June 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 10.8% to Rs 15.5 billion during the period as against Rs 14.0 billion in April-June 2017.

For the year ended March 2018, WELSPUN INDIA reported 51.9% decrease in net profit to Rs 4.0 billion compared to net profit of Rs 8.3 billion during FY17.

Revenue of the company grew 8.9% to Rs 61 billion during FY18.

The current Price to earnings ratio of WELSPUN INDIA, based on rolling 12 month earnings, stands at 1.1x.