WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS Index Up 4.4%
May 20, 2019 11:14 AM

WELSPUN CORP share price has zoomed 5% and is presently trading at Rs 138.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,530 (up 4.4%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (up 5.2%) and HEG (up 6.8%).

ELGI EQUIPMENTS (down 0.1%) and FINOLEX CABLES (down 1.4%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved up from Rs 137 to Rs 138, registering a gain of Rs 1 (up 0.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 19,018 to 18,530, loss of 488 points (down 2.6%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 38.2%), ABB INDIA (up 15.5%) and SIEMENS (up 11.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,910 (up 2.5%).

The top gainers among the BSE Sensex stocks today are SBI (up 6.4%), M&M (up 5.6%) and L&T (up 5.4%). Other gainers include ICICI BANK (up 5.3%) and TATA MOTORS (up 5.3%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,700 (up 2.4%). INDIABULLS HOU. FIN. (up 6.6%) and SBI (up 6.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,910, registering a gain of 3,761 points (up 10.6%).

WELSPUN CORP Financial Update...

WELSPUN CORP net profit down at Rs 1 billion for the quarter ended March 2019, compared to a loss of Rs 514 million a year ago. Net Sales rose 3.7% to Rs 27.6 billion during the period as against Rs 26.6 billion in January-March 2018.

For the year ended March 2018, WELSPUN CORP reported 167.2% increase in net profit to Rs 2.4 billion compared to net profit of Rs 894.0 million during FY17.

Revenue of the company grew 25.7% to Rs 76 billion during FY18.

The current Price to earnings ratio of WELSPUN CORP, based on rolling 12 month earnings, stands at 62.4x.