WELSPUN CORP Plunges by 5%; BSE CAPITAL GOODS Index Down 0.7%
July 22, 2019 12:16 PM

WELSPUN CORP share price has plunged 5% and is presently trading at Rs 130.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,046 (down 0.7%).

Among the top losers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (down 5.3%) and HEG (down 7.8%).

BHARAT ELECTRONICS (up 0.9%) and CARBORUNDUM UNIVERSAL (up 0.6%) are among the top gainers today.

Over the last one year, WELSPUN CORP has moved up from Rs 105 to Rs 130, registering a gain of Rs 26 (up 24.5%)..

The BSE CAPITAL GOODS has moved up from 17,332 to 18,046, registering a gain of 714 points (up 4.1%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were KALPATARU POWER (up 43.7%), HAVELLS IND (up 28.0%) and SIEMENS (up 23.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,334 (down 1.0%). The top gainers among the BSE Sensex stocks today are YES BANK (up 8.3%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,398 (down 0.8%). YES BANK (up 8.5%) and VEDANTA LTD (up 4.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,351 to 38,334, registering a gain of 1,983 points (up 4.5%).

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 56.1x.