Welspun Corp is currently trading at Rs. 51.15, up by 0.80 points or 1.59% from its previous closing of Rs. 50.35 on the BSE.
The scrip opened at Rs. 50.50 and has touched a high and low of Rs. 51.45 and Rs. 50.30 respectively. So far 39105 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 141.60 on 13-Apr-2012 and a 52 week low of Rs. 43.75 on 21-Mar-2013.
Last one week high and low of the scrip stood at Rs. 51.90 and Rs. 47.25 respectively. The current market cap of the company is Rs. 1342.35 crore.
The promoters holding in the company stood at 32.88% while Institutions and Non-Institutions held 23.04% and 35.31% respectively.
Welspun Corp, the flagship company of the $3.5 billion Welspun Group and the 2nd largest line pipe company in the world has repurchased part of 4.50% Foreign Currency Convertible Bonds (FCCBs) Bonds, due 2014. The company has repurchased $24.4 million through the open market route, at an average discount of approximately 7% on the accreted value of the bonds.
The company in October 2012 had repurchased bonds worth $44.1 million through the Tender Offer route at 7.5% discount on the accreted value. Including the current purchases, the company has repurchased a total of $68.5 million worth of bonds in FY13. After accounting for this repurchase, convertible bonds worth $81.5 million remain outstanding and due for maturity by October 2014.
Welspun Corp, the flagship company of the $3.5 billion Welspun Group, is one stop service provider offering complete pipe solution with a capability to manufacture line pipes ranging from half inch to 120 inches, along with specialized coating, double jointing and bending.
| Company Name | CMP |
|---|---|
| Tata Steel | 138.95 |
| JSW Steel | 913.10 |
| SAIL | 115.50 |
| Jindal Stainless | 736.20 |
| Jindal Saw | 299.55 |
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