The machinery equipment maker Welspun Corp showed a magnanimous rise in its price during the morning trade today. Welspun Corp share price surged over 15 per cent intraday today to trade at the so far high of the day of Rs. 82.75. The stock had opened at Rs. 71.85 which has so far remained its intraday low for today.
Welspun Corp Ltd is the second biggest manufacturer of large diameter pipes in the world based in Mumbai, Maharashtra. It is a flagship company of the Rs. 129 billion Welspun Group. It operates a 1.65 mtpa plant in Anjar, Gujarat, which is being increased to 2.1 mtpa.
The ADM i.e. the Average Daily Movement of the stock stands at 4.01 and the monthly return of the company is 0.42 percent. The consolidated PE ratio for FY 15-16 is 8.30 while the consolidated trailing PE ratio of the company stands at 28.20.
At 10:06 AM Welspun Corp share price was trading at Rs. 81.65 with the rise of 14.68 per cent. So far over twenty three lakh shares have changed hands over the NSE trading counter as compared to its twenty day trading volume of almost thirty two lakh.
The market cap of Welspun Corp as on 30th November 2016 stands at 1888.41 crores and the book value is 115.54.The lower price band and the upper price band of the Welspun Corp share price stands at Rs. 57 and Rs. 85.40 respectively.The stock had traded at its lifetime high of Rs. 539 on 17th January 2008 and 52 week high on 119.40 on 1st December 2015. The lifetime low of Welspun Corp share price is Rs. 21.35 traded on 18th May 2004 and 52 week high is Rs. 119.40 traded on 1st December 2015.
Welspun Corp is the top 500 performing stock recommended by Dynamic Levels. For the details on thye stock, visit Welspun Corp share price history page of Dynamic Levels website.
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