WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS Index Up 1.0%

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WELSPUN CORP Surges by 5%; BSE CAPITAL GOODS Index Up 1.0%
Wed, 20 Feb 10:50 AM

WELSPUN CORP share price has zoomed 5% and is presently trading at Rs 103.

Meanwhile, the BSE CAPITAL GOODS Index is at 16,623 (up 1.0%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (up 5.2%) and SADBHAV ENGINEERING (up 5.3%).

ELGI EQUIPMENTS (down 0.5%) and THERMAX LTD (down 0.6%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved down from Rs 153 to Rs 103, registering a loss of Rs 50 (down 32.8%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,901 to 16,623, loss of 2,278 points (down 12.1%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 36.2%), AIA ENGINEERING (up 11.8%) and SKF INDIA (up 6.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,653 (up 0.7%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.1%), TATA STEEL (up 2.8%) and SBI (up 1.7%). Other gainers include ONGC (up 1.6%) and TATA MOTORS DVR (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and TATA STEEL.

In the meantime, NSE Nifty is at 10,697 (up 0.7%). VEDANTA LTD (up 3.0%) 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 33,775 to 35,653, registering a gain of 1,878 points (up 5.4%).

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 13.9x.

What else is happening in the markets today? Dig in...

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