Espresso Shot of the Day - Welspun India Ltd up by 8.99 percent

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Espresso Shot of the Day - Welspun India Ltd up by 8.99 percent

March 10, 2022
Espresso Shot of the Day - Welspun India Ltd up by 8.99 percent

WELSPUN INDIA LTD 111.50  (+8.99%) BSE – INE192B01031 | 10TH MARCH 2022


Welspun Group is one of India's fastest-growing global conglomerates with businesses in Line Pipes, Home Textile Products, Infrastructure, Warehousing, Steel, Oil & Gas, Advanced textiles and Flooring solutions. With their immense global presence in over 50 countries and a strong team of over 26,000 home textile manufacturers in India spanning varied ethnicities, cultures, and geographies, they have acquired global leadership in Home textile products and line pipes. To stay prominent across all their businesses, they constantly strive to provide their customers with a delightful experience through innovation and technology. From homes to highways, from hi-tech to heavy metals, they wish to create a smarter, sustainable world and lead by example! With the sole intention of keeping their consumers' wellbeing at the core and making their lives better 24x7, they are dedicated to creating a smarter, sustainable world. They create high-end, comprehensive solutions supported by their integrated facilities and 360-degree capabilities. For over 35 years, they have been a global leader in home textiles. Their constant focus on innovation, branding and sustainability is what separates them from the rest.

Recent Drivers

  • On Feb 24, 2022, the company planned to raise Rs.500 crores by issuing non-convertible debentures (NCDs) or commercial papers on a private placement basis.
  • On Feb 3, 2022, the company reported Net Sales of Rs.1,593.66 crores in December 2021.
  • On Feb 3, 2022, the company reported a Quarterly Net Profit of Rs.56.05 crores in December 2021.
  • On Jan 25, 2022, the company joined the global coalition to undertake climate action aligned with the Science-Based Targets initiative (SBTi) of Net-Zero standard and Business Ambition for 1.5 degrees Celsius to mitigate greenhouse gas emissions.
  • On Dec 16, 2021, the company entered the Dow Jones Sustainability Index (DJSI).
  • On Dec 8, 2021, the company acquired 40 acres of land to set up a large-scale warehousing facility at Malur-Hosur road in Tamil Nadu.
(Sources:,  Business standard, Moneycontrol, Business Lines, Economic Times)


Technical Force*

  • S&P BSE 500 month till date gain up by -0.86%
  • Spurt in Volume by more than 2.58 times compare to previous vol. 3 months avg. volume: 2,17,823
  • Quantity traded: 4,31,121 | Deliverable quantity: 2,34,966 (54.42%)
  • Stock price has jumped more than 50% from one-year-low level: 72.50 (Mar 10, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 170.75 | 52-week-low: 72.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

294.88

232.82

189.13

127.07

83.38

21.32

-

     -

Fibonacci Pivot

232.82

192.42

167.46

151.39

127.07

102.74

86.67

61.71

     -


Today’s Close

111.50

SMA

BSE

10 DAY

103.60

20 DAY

109.30

50 DAY

130.25

200 DAY

129.75


Some Key Ratios (Source: BSE)

Market Cap:  10,087.69 Crores

PE: 22.59

OPM%: 11.11

ROE%: 14.45

Promoters holding%: 70.36

Prev. Close: 102.30



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.