Welspun Corp. will hold a meeting of the Board of Directors of the Company on 29 October 2020.

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Welspun Corp has redeemed commercial paper aggregating Rs 20 crore at maturity on 12 October 2020.

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In a regulatory filing after market hours yesterday, Welspun Corp said these orders would be executed from India and will help boost the mill utilization for India facilities. The inflow of orders is not only from the domestic O&G and water business but also from exports, the company said.

With these orders, the company's order book stands at 755 KMT valued at approximately Rs 6,300 crore, after considering execution up to August 2020, it added.

Shares of Welspun Corp rose for fourth consecutive session. The stock has added 16% in four trading days from its previous closing low of Rs 98.05 hit on 24 September 2020.

Welspun Corp offers pipe solutions with a capability to manufacture line pipes, along with specialized coating, double jointing and bending.

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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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