WELSPUN CORP Share Price Down by 6%; BSE CAPITAL GOODS Index Down 2.1%
December 21, 2020 02:12 PM

WELSPUN CORP share price has plunged 6% and is presently trading at Rs 131.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,967 (down 2.1%).

Among the top losers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (down 6.1%) and BHEL (down 6.3%).

HONEYWELL AUTOMATION (up 5.6%) is among the top gainer today.

Over the last one year, WELSPUN CORP has moved down from Rs 137 to Rs 131, registering a loss of Rs 6 (down 4.3%)..

The BSE CAPITAL GOODS has moved up from 17,106 to 18,967, registering a gain of 1,861 points (up 10.9%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were LAKSHMI MACHINE (up 48.0%), HAVELLS INDIA (up 39.1%) and HONEYWELL AUTOMATION (up 25.9%).

What About the Benchmark Indices?

The BSE Sensex is at 47,056 (down 1.3%). The top gainers among the BSE Sensex stocks today are NESTLE (up 0.7%), INFOSYS (up 0.3%) and HCL TECHNOLOGIES (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 13,778 (down 1.2%). CIPLA (up 1.0%) and INFOSYS (up 0.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,352 to 47,056, registering a gain of 5,704 points (up 12.07%).

WELSPUN CORP Financial Update...

WELSPUN CORP net profit down at Rs 597 million for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 4.5% to Rs 27.6 billion during the period as against Rs 28.9 billion in January-March 2019.

For the year ended March 2019, WELSPUN CORP reported 43.3% decrease in net profit to Rs 1.5 billion compared to net profit of Rs 2.6 billion during FY18.

Revenue of the company grew 41.5% to Rs 87 billion during FY19.

The current Price to earnings ratio of WELSPUN CORP, based on rolling 12 month earnings, stands at 6.7x.