Welspun Corp Share Price Rise after Huge Block Deal

Welspun Corp share price rise 8 per cent to Rs 83.45 after huge block deal. Close to 5.8 million shares or 2.2 per cent stake of the company changed hands in a block deal. However, the buyers and sellers of the deal were unknown, according to a Bloomberg report.
At 10:21 am, Welspun Corp share price traded at Rs 81.10 as compared to the previous session’s closing of Rs 75.40. The lower price band stands at Rs 60.35 while the upper price band reads at Rs 90.45.

Fundamentals of the stock:

Sector	INFRA-MACHINERY EQUIPMENT
Face Value (Rs.)	5
52 Week High (Rs.)	118.00 (28-Dec-15)
52 Week Low (Rs.)	55.05 (09-Nov-16)
Life Time high (Rs.)	539.00 (17-Jan-08)
Life Time low (Rs.)	21.35 (18-May-04)
Average Daily Movement [ADM]	3.92
Average Volume [20 days]	846932
1 Month Return (%)	7.33
Consolidated FY 15-16 PE Ratio	8.79
Consolidated Trailing PE Ratio	29.83
Book Value	115.54
Market Cap	1999.80 (Cr)

For the quarter ended 30-09-2016 (Q2), the company has posted Consolidated sales of Rs 1153.06 Cr, down -23.69 per cent from last quarter Sales of Rs 1511.05 Cr and down -52.67 per cent from last year same quarter Sales of Rs 2435.99 Cr. Company has reported net loss of Rs -25.59 Cr in the latest quarter.

Shareholding:

Category	No. of shares	Percentage
Promoters	109,833,165	41.41
Others	56,725,178	21.39
General Public	29,499,438	11.12
Financial Institutions	26,692,174	10.06
Foreign Institutions	9,611,146	3.62
Foreign Promoters	6,300,000	2.38
NBFC and Mutual Funds	3,539,008	1.33

Welspun Corp is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE.  Welspun Corp is fundamentally strong and financially sound. It is safe for investment, as per Dynamic Levels Research Analysts.

In order to acquire more details on the support and resistance levels and also the fundamentals and financials of the stock, kindly refer to Welspun Corp share price history.