WELSPUN CORP Surges by 6%; BSE CAPITAL GOODS Index Up 4.6%
May 20, 2019 12:36 PM

WELSPUN CORP share price has zoomed 6% and is presently trading at Rs 138.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,553 (up 4.6%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (up 5.5%) and HEG (up 6.3%).

FINOLEX CABLES (down 1.2%) is among the top loser today.

Over the last one year, WELSPUN CORP has moved up from Rs 137 to Rs 138, registering a gain of Rs 1 (up 0.8%).

On the other hand, the BSE CAPITAL GOODS has moved down from 19,018 to 18,553, loss of 465 points (down 2.5%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 39.0%), ABB INDIA (up 15.9%) and SIEMENS (up 11.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,043 (up 2.9%).

The top gainers among the BSE Sensex stocks today are SBI (up 7.2%), YES BANK (up 6.1%) and TATA MOTORS (up 5.5%). Other gainers include TATA MOTORS DVR (up 5.4%) and ICICI BANK (up 5.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,739 (up 2.9%). INDIABULLS HOU. FIN. (up 8.7%) and ADANI PORTS & SEZ (up 7.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 39,043, registering a gain of 3,894 points (up 11.0%).

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 62.7x.