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Todays Market
Indian Stock Market Updates March 23, 2020

Markets will remain closed on 14^th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

WELSPUN INDIA Plunges by 10%; BSE 500 Index Down 8.6%
Mon, 23 Mar 09:50 AM

WELSPUN INDIA share price has plunged 10% and is presently trading at Rs 24.

Meanwhile, the BSE 500 Index is at 10,631 (down 8.6%).

Among the top losers in the BSE 500 Index today are WELSPUN INDIA (down 9.9%) and MRF LTD. (down 5.0%).

THYROCARE TECHNOLOGIES (up 8.5%) and IPCA LABS (up 8.0%) are among the top gainers today.

Over the last one year, WELSPUN INDIA has moved down from Rs 60 to Rs 24, registering a loss of Rs 36 (down 59.8%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 271.3%), ABBOTT INDIA (up 87.5%) and NAVIN FLUORINE (up 65.0%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

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.