Welspun Corp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 112.65, up 1.62% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 11554.45. The Sensex is at 39047.88, up 0.17%. Welspun Corp Ltd has dropped around 2.59% in last one month.

Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has dropped around 5.28% in last one month and is currently quoting at 2363.3, up 0.73% on the day. The volume in the stock stood at 4.75 lakh shares today, compared to the daily average of 7.3 lakh shares in last one month.

The PE of the stock is 4.34 based on TTM earnings ending June 20.

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Welspun Corp. announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 September 2020 .

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Welspun Corp announced that the company's plant at Anjar has won the“Gold Award” in 7th Exceed Environment Award 2020 under “EnvironmentPreservation” category in manufacturing sector on the national level.

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The Board of Welspun Corp at its meeting held on 31 August 2020 has approved in-principle, the entry of the Company in to Ductile Pipes business at an appropriate time and value through organic and inorganic route.

The Board also approved borrowing of long term funds up to Rs 500 crore for general corporate purposes by issue of debt securities.

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