Welspun Corp Limited up by 6.74%: Market Update By Espresso

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Espresso Shot of the Day - WELSPUN CORP LIMITED up by 6.74 percent

April 13, 2022
Espresso Shot of the Day - WELSPUN CORP LIMITED up by 6.74 percent

WELSPUN CORP LIMITED 211.50  (+6.74%) BSE – INE191B01025 | 13THAPRIL 2022


Welspun Corp Ltd.’s parent company has its Corporate Office in Mumbai and its Registered Office at Anjar, Gujarat. The company owns pipe mills in Dahej, Anjar and Mandya. Dahej and Anjar locations host coating facilities as well. The company’s Anjar complex also hosts Hot Induction Bending (HIB) units and Plate cum Coil Rolling Mill (PCMD).


Recent Drivers

  • On Apr 08, 2022, the Company allotted 35,15,11,571 Cumulative Redeemable Preference Shares of the face value of Rs.10/- each fully paid up to the eligible shareholders of the Demerged Company.
  • On Mar 30, 2022, the company reported that its associate company, East Pipes Integrated Company for Industry (EPIC) received an order of SAR 497 million from Saline Water Conversion Corporation.
  • On Feb 11, 2022, the company reported Net Sales of 1,298.89 crores in December 2021.
  • On Feb 11, 2022, the company reported a Quarterly Net Profit of Rs.63.13 crores in December 2021.
  • On Jan 12, 2022, the company said that its Saudi Arabia-based joint venture has launched its initial public offering in the region.
 (Sources: Moneycontrol, Business Standard, BSE)

Technical Force*

  • S&P BSE 500 month till date gain up by 1.68%
  • Traded on new 52-week high value 214.00
  • 3 months avg. NSE volume: 1,737,012
  • Quantity traded: 401,625 | Deliverable Quantity: 206,998 (51.54%)
  • Stock price jumped by more than 100% from a one-year low level: 106.00 (Aug 23, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 214.00 | 52-week-low: 106.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

300.52

247.13

212.77

159.38

125.02

71.63

37.27

    -

Fibonacci Pivot

247.13

213.61

192.90

179.57

159.38

139.20

125.86

105.15

71.63


Today’s Close

211.50

SMA

BSE

10 DAY

192.71

20 DAY

172.19

50 DAY

164.16

200 DAY

152.05


Some Key Ratios (Source: BSE)

Market Cap: 5,519.08 Crores

PE: 15.04

OPM%: 13.59

ROE%: 14.54

Promoters holding%: 50.01

Prev. Close: 198.15



*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.