WELSPUN INDIA Plunges by 4%; BSE 500 Index Up 0.6%
March 24, 2020 09:47 AM

WELSPUN INDIA share price has plunged 4% and is presently trading at Rs 21.

Meanwhile, the BSE 500 Index is at 10,374 (up 0.6%).

Among the top losers in the BSE 500 Index today are WELSPUN INDIA (down 3.9%) and WABCO INDIA (down 6.2%).

CRISIL (up 7.5%) and INFOSYS (up 7.3%) are among the top gainers today.

Over the last one year, WELSPUN INDIA has moved down from Rs 59 to Rs 21, registering a loss of Rs 38 (down 63.9%)..

The BSE 500 has moved down from 14,917 to 10,374, loss of 4,543 points (down 30.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 271.6%), ABBOTT INDIA (up 83.5%) and NAVIN FLUORINE (up 55.5%).

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 0.9%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 7.3%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 0.8%). INFOSYS (up 7.4%) and HUL (up 6.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.67%).

WELSPUN INDIA Financial Update...

WELSPUN INDIA net profit stood at Rs 751 million for the quarter ended December 2019, compared to a profit of Rs 501 million a year ago. Net Sales rose 1.5% to Rs 16.7 billion during the period as against Rs 16.4 billion in October-December 2018.

For the year ended March 2019, WELSPUN INDIA reported 23.3% increase in net profit to Rs 4.9 billion compared to net profit of Rs 4.0 billion during FY18.

Revenue of the company grew 7.9% to Rs 65 billion during FY19.

The current Price to earnings ratio of WELSPUN INDIA, based on rolling 12 month earnings, stands at 0.6x.