Welspun Global touches the roof despite reporting net loss of Rs 82.38 crore in Q4

08 May 2012 Evaluate

Welspun Global Brand is currently trading at its upper circuit limit of Rs. 24.55, up by 1.15 points or 4.91% from its previous closing of Rs. 23.40 on the BSE.

The scrip opened at Rs. 24.55 and has touched a high and low of Rs. 24.55 and Rs. 24.55 respectively. So far 10150 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.45 on 26-Jul-2011 and a 52 week low of Rs. 23.40 on 07-May-2012.

Last one week high and low of the scrip stood at Rs. 26.30 and Rs. 23.40 respectively. The current market cap of the company is Rs. 25.72 crore.

The promoters holding in the company stood at 61.11% while Institutions and Non-Institutions held 14.58% and 24.31% respectively. 

Welspun Global Brand has reported results for fourth quarter ended March 31, 2012.

Welspun Global Brand has reported net loss of Rs 82.38 crore for the quarter ended March 31, 2012, against net loss of Rs 3.34 crore for the corresponding period last fiscal.  However, total income increased by 64.03% at Rs 741.43 crore during the quarter under review from Rs 452.01 crore in the year-ago period.

Peers
Company Name CMP
PDS 585.80
Welspun Living 163.10
Vardhman Textiles 524.95
Arvind 413.55
K.P.R. Mill 1148.90
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