Welspun Corp is presently trading at Rs. 146.05, up by way of 10.Forty points or 7.67% from its preceding closing of Rs. One hundred thirty five.Sixty five on the BSE.

The scrip opened at Rs. 141.80 and has touched a high and occasional of Rs. 149.00 and Rs. 141.Eighty respectively. So far 174889 stocks were traded at the counter.

The BSE institution ‘A’ inventory of face price Rs. 5 has touched a 52 week high of Rs. 186.90 on 06-Sep-2018 and a 52 week low of Rs. 89.30 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 149.00 and Rs. A hundred and fifteen.50 respectively. The present day market cap of the business enterprise is Rs. 3869.65 crore.

The promoters preserving inside the enterprise stood at 48.Sixty five%, while Institutions and Non-Institutions held 14.Ninety% and 36.Forty five% respectively.

Welspun Corp has sold Plate and Coil Mill Division (PCMD) and 43 MW Power Division for around Rs 940 crore. The sale consideration for PCMD is Rs 848.5 crore, and ultimate changes touching on Net Current Assets as of Closing Date (expected to be around Rs 25 crore), taking the entire anticipated attention to Rs 873.5 crores. The forty three MW Power Division is being sold at Rs 66.9 crore.

PCMD and 43 MW Power Division had been recognized as noncore property and the Company has entered into agreements to divest these. The Company periodically opinions its commercial enterprise approach and as a part of that, has determined to awareness on its center property and examine strategic alternatives for non-core assets, so as to maintain its operations asset-light.