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WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS Index Down 0.7%

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WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS Index Down 0.7%
Wed, 13 Feb 01:20 PM

WELSPUN CORP share price has zoomed 5% and is presently trading at Rs 102.

Meanwhile, the BSE CAPITAL GOODS Index is at 16,644 (down 0.7%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (up 5.1%) and DILIP BUILDCON LTD (up 11.4%).

ABB INDIA LTD. and FINOLEX CABLES (down 0.1%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved down from Rs 164 to Rs 102, registering a loss of Rs 62 (down 38.0%).

On the other hand, the BSE CAPITAL GOODS has moved down from 19,558 to 16,644, loss of 2,914 points (down 15.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 36.4%), AIA ENGINEERING (up 14.9%) and SKF INDIA (up 6.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,376 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 1.9%), ITC LTD (up 1.4%) and TATA MOTORS DVR (up 1.1%). Other gainers include HDFC (up 1.1%) and HDFC BANK (up 1.0%). The most traded stocks in the BSE Sensex are SUN PHARMA and RELIANCE IND..

In the meantime, NSE Nifty is at 10,892 (up 0.2%). ADANI PORTS & SEZ (up 5.3%) and INDIABULLS HOU. FIN. (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,300 to 36,376, registering a gain of 2,076 points (up 5.7%).

WELSPUN CORP Financial Update...

WELSPUN CORP net profit down at Rs 514 million for the quarter ended December 2018, compared to a loss of Rs 886 million a year ago. Net Sales rose 15.4% to Rs 26.6 billion during the period as against Rs 23.0 billion in October-December 2017.

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 13.8x.

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