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 | 142.80 |
| JSW Steel | 976.80 |
| SAIL | 112.70 |
| Jindal Stainless | 671.75 |
| Jindal Saw | 296.70 |
| View more.. | |
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
