Welspun Enterprises is currently trading at Rs. 62.10, up by 0.70 points or 1.14 % from its previous closing of Rs. 61.40 on the BSE.
The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 67.90 and Rs. 62.10 respectively. So far 169497 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.10 on 05-Aug-2015 and a 52 week low of Rs. 36.00 on 12-Jun-2015.
Last one week high and low of the scrip stood at Rs. 63.90 and Rs. 59.10 respectively. The current market cap of the company is Rs. 1100.81 crore.
The promoters holding in the company stood at 40.63 % while Institutions and Non-Institutions held 18.72 % and 40.65 % respectively.
Welspun Energy (WEPL), in which Welspun Enterprises (WEL) holds 15.49% stake, has signed a Share Purchase Agreement (SPA) with Tata Power Renewable Energy (TPREL), for divestment of its subsidiary Welspun Renewables Energy (WREPL). TPREL is a 100% subsidiary of Tata Power Company. The deal represents the largest transaction in renewables space in India. Barclays acted as exclusive financial advisor and Cyril Amarchand Mangaldas acted as legal advisor to WEPL for this transaction.
WREPL has the largest operating solar portfolio in India spread across ten states of India. WREPL has about 1,140 MW of Renewable Power Projects comprising of about 990 MW Solar Power Projects and about 150 MW of Wind Power Projects. The transaction is subject to various conditions precedent which includes statutory and other regulatory approvals. The Enterprise Value (100% basis) of the transaction excluding closing adjustments is Rs 9,249.00 crore. The transaction is expected to be completed by end of September 2016.
Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company as well as a holding company in the business of Infrastructure, Oil & Gas Exploration and Renewable Energy. WEL has executed infrastructure projects such as highways, bridges, industrial, residential and commercial buildings.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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