WELSPUN CORP Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.5%

Fri, 23 Oct 09:26 AM

WELSPUN CORP share price has zoomed 5% and is presently trading at Rs 118.

Meanwhile, the BSE CAPITAL GOODS Index is at 14,079 (up 1.5%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are WELSPUN CORP (up 5.1%) and AIA ENGINEERING (up 5.5%).

SADBHAV ENGINEERING (down 0.2%) and HONEYWELL AUTOMATION (down 0.4%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved down from Rs 138 to Rs 118, registering a loss of Rs 20 (down 15.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,511 to 14,079, loss of 4,432 points (down 24.0%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 6.7%), LAKSHMI MACHINE (up 5.9%) and AIA ENGINEERING (up 5.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,722 (down 0.4%).

The top gainers among the BSE Sensex stocks today are NTPC (up 3.1%), BHARTI AIRTEL (up 2.8%) and BAJAJ FINANCE (up 2.5%). Other gainers include AXIS BANK (up 1.8%) and TATA STEEL (up 1.5%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and ONGC.

In the meantime, NSE Nifty is at 11,940 (down 0.4%). The top gainers in the NSE Nifty include NTPC (up 2.9%), BHARTI AIRTEL (up 2.8%) and BAJAJ FINANCE (up 2.5%). Other gainers include TATA MOTORS (up 2.5%) and IOC (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,964 to 40,722, registering a gain of 1,758 points (up 4.09%).

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 6.4x.

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