Trending stocks: Welspun Corp share price rises 4%

NEW DELHI: Shares of Welspun Corp traded 4.11 per cent up in Wednesday 's trade at 09:52AM (IST).

Around 212024 shares changed hands on the counter. The stock opened at Rs 70.4 and touched an intraday high and low of Rs 71.0 and Rs 70.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 232.9 and a 52-week low of Rs 59.9 .


The company has partially resumed operations at its plant in Anjar, Gujarat. The company said it has started the manufacturing of LSAW pipes at the facility. LSAW pipes are used in the petroleum and natural gas industries.


Financials
Welspun Corp Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 1774.01 Crore) operating in Metals - Ferrous sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 2844.67 Crore, up 27.87 % from last quarter Sales of Rs 2224.61 Crore and up 12.49 % from last year same quarter Sales of Rs 2528.85 Crore. The Company reported net profit after tax of Rs 185.61 Crore in latest quarter.

Welspun Corp Ltd. key Products/Revenue Segments include Welded Pipes which contributed Rs 3809.16 Crore to Sales Value (92.08 % of Total Sales), Sale of services which contributed Rs 177.04 Crore to Sales Value (4.27 % of Total Sales), Scrap which contributed Rs 60.43 Crore to Sales Value (1.46 % of Total Sales), Other Operating Revenue which contributed Rs 52.74 Crore to Sales Value (1.27 % of Total Sales) and Export Incentives which contributed Rs 37.12 Crore to Sales Value (0.89 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 49.02517 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 5.28 and price to book value of 0.67 .