WELSPUN CORP Share Price Up by 7%; BSE CAPITAL GOODS Index Up 0.9%

Mon, 28 Dec 09:24 AM

WELSPUN CORP share price has zoomed 7% and is presently trading at Rs 134.

Meanwhile, the BSE CAPITAL GOODS Index is at 18,584 (up 0.9%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is WELSPUN CORP (up 7.0%).

SIEMENS and FINOLEX CABLES (down 0.1%) are among the top losers today.

Over the last one year, WELSPUN CORP has moved up from Rs 133 to Rs 134, registering a gain of Rs 1 (up 0.3%).

On the other hand, the BSE CAPITAL GOODS has moved up from 17,045 to 18,584, registering a gain of 1,539 points (up 8.8%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 44.4%), LAKSHMI MACHINE (up 44.2%) and HAVELLS INDIA (up 38.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 47,305 (up 0.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 1.4%), TATA STEEL (up 1.3%) and SBI (up 1.3%). Other gainers include AXIS BANK (up 1.2%) and SUN PHARMA (up 1.2%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 13,864 (up 0.7%). The top gainers in the NSE Nifty include TATA MOTORS (up 3.6%), COAL INDIA (up 2.5%) and ONGC (up 1.6%). Other gainers include GAIL (up 1.5%) and IOC (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,643 to 47,305, registering a gain of 5,662 points (up 13.55%).

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 7.3x.

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