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WELSPUN CORP Surges by 6%; BSE CAPITAL GOODS Index Up 0.7%

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WELSPUN CORP Surges by 6%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 1 Jul 10:42 AM

WELSPUN CORP share price has zoomed 6% and is presently trading at Rs 149.

Meanwhile, the BSE CAPITAL GOODS Index is at 20,023 (up 0.7%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is WELSPUN CORP (up 5.7%).

SCHAEFFLER INDIA LTD and FINOLEX CABLES (down 0.4%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved up from Rs 114 to Rs 149, registering a gain of Rs 35 (up 30.6%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,013 to 20,023, registering a gain of 3,010 points (up 17.5%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 50.8%), ABB INDIA (up 41.7%) and KALPATARU POWER (up 39.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,649 (up 0.6%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 1.8%), NTPC (up 1.8%) and HERO MOTOCORP (up 1.6%). Other gainers include TATA MOTORS DVR (up 1.3%) and HDFC BANK (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and NTPC.

In the meantime, NSE Nifty is at 11,864 (up 0.6%). DR. REDDYS LAB (up 2.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,038 to 39,649, registering a gain of 4,611 points (up 13.1%).

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 67.5x.

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