Welspun Corp is currently trading at Rs 204.20, up by 6.00 points or 3.03% from its previous closing of Rs 198.20 on the BSE.
The scrip opened at Rs 204.90 and has touched a high and low of Rs 212.40 and Rs 202.10 respectively. So far 177357 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 295.70 on 07-Apr-2010 and a 52 week low of Rs 144.35 on 18-Jan-2011.
Last one week high and low of the scrip stood at Rs 212.40 and Rs 196.00 respectively. The current market cap of the company is Rs 4228.46 crore.
The promoters holding in the company stood at 41.08% while Institutions and Non-Institutions held 32.75% and 26.17% respectively. Welspun Corp the second largest line pipe company in the world, has won pipe orders worth Rs 1,182 crore (approx 155 KMT) largely from international clients. These new orders are likely to be executed over a period of one year.
With the addition of these orders the current order book of the company stands at Rs 6,153 crore (approximately 932 KMT for pipes and external plate orders of 40 KMT) without excluding the orders being executed in Q4 FY 2011.
The company will continue to open newer avenues and deliver superior customer value and sustain the leadership position in the world markets.
Welspun Corp is engaged in manufacturing of pipes. The company was declared the 2nd largest steel pipe producer in the world (Large Diameter) by Financial Times. The company is among the top 3 SAW pipe company in the world according to CLSA Asia Pacific Market Research.
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