Trending stocks: Welspun Enterprises shares gain nearly 5%

NEW DELHI: Shares of Welspun Enterprises Ltd. traded 4.93 per cent up in Tuesday's trade at 11:40AM (IST). Around 10,879 shares changed hands on the counter.

The stock opened at Rs 62.75 and touched an intraday high and low of Rs 62.75 and Rs 62.7, respectively, in the session so far. Shares of the company of Welspun Enterprises Ltd. quoted a 52-week high of Rs 137.2 and a 52-week low of Rs 33.35.

Total market cap of the Welspun Enterprises Ltd. stood at Rs 931.57 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 504.47 crore for the quarter ended 31-Dec-2019, up 62.92 per cent from previous quarter's Rs 309.64 crore and up 13.0 per cent from the year-ago quarter's Rs 446.45 crore.

The net profit for latest quarter stood at Rs 26.05 crore, down 39.96 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 1.37 per cent stake in the firm, while foreign institutional investors held 2.42 per cent and the promoters 50.33 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 10.37 and a price-to-book ratio of 0.64. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Welspun Enterprises Ltd. belongs to the Infrastructure - Roads/Tolls industry.