Welspun Corp Ltd Share Price – NSE  / BSE

Steel, Small Cap

Welspun Corp Ltd fell for a fifth straight session today. The stock is quoting at Rs 776.25, down 0.01% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23682.349609375. The Sensex is at 78309.92, up 0.34%.Welspun Corp Ltd has gained around 3.91% in last one month.Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has increased around 0.2% in last one month and is currently quoting at 8813.25, up 0.99% on the day. The volume in the stock stood at 1.47 lakh shares today, compared to the daily average of 6.72 lakh shares in last one month.

The PE of the stock is 47.15 based on TTM earnings ending September 24.

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Welspun Tubular LLC, a step-down subsidiary of Welspun Corp, today conducted the groundbreaking ceremony for the expansion of its HFIW pipe manufacturing facility in Little Rock, Arkansas, USA. This expansion represents a $100 million investment announced on 02 September 2024, to expand and upgrade the company's line pipe portfolio in the United States. Welspun Corp is one of top three manufacturers of large diameter line pipes globally. The expansion is expected to add an additional 175 jobs at its plant in Little Rock. The upgrade is expected to be completed by March 2026.

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The company said that execution of these order will be during FY25 & FY26.

With addition of these two new orders, value of the cumulative orders received by its USA Plant till date in this Q3FY25 exceeds Rs 7,000 crore.

On outlook front, the company said the USA market remains extremely positive for next couple of years and it is fully poised to benefit from more opportunities in the time to come

Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products.

The company’s consolidated net profit declined 25.4% to Rs 286.95 crore on 18.7% drop in net sales to Rs 3,301.83 crore in Q2 FY25 over Q2 FY24.

The scrip hit an all-time high of Rs 824.50 in today’s intraday session.

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Welspun Corp Ltd rose for a fifth straight session today. The stock is quoting at Rs 753, up 0.8% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.25% on the day, quoting at 24161.15. The Sensex is at 79896.82, down 0.27%. Welspun Corp Ltd has added around 4.76% in last one month.

Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 3.7% in last one month and is currently quoting at 8883, up 0.59% on the day. The volume in the stock stood at 2.73 lakh shares today, compared to the daily average of 8.4 lakh shares in last one month.

The PE of the stock is 45.3 based on TTM earnings ending September 24.

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