Welspun Corp drops on profit booking

Welspun Corp fell 2.39% to Rs 130.60 at 14:07 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 90.58 points or 0.32% at 28,536.70.

On BSE, so far 2.30 lakh shares were traded in the counter as against average daily volume of 5.09 lakh shares in the past one quarter.

The stock hit a high of Rs 135.70 and a low of Rs 129.45 so far during the day. The stock had hit a 52-week low of Rs 51.90 on 27 March 2015. The stock had hit a 52-week high of Rs 140.75 on 8 July 2015.

The stock had outperformed the market over the past one month till 16 July 2015, surging 75.82% compared with Sensex's 6.59% rise. The scrip had also outperformed the market in past one quarter, jumping 128.52% as against Sensex's 0.77% fall.

The mid-cap firm has equity capital of Rs 131.59 crore. Face value per share is Rs 5.

Shares of Welspun Corp had risen 5.02% in two trading sessions to settle at Rs 133.80 yesterday, 17 July 2015, from a recent low of Rs 127.40 on 14 July 2015.

On consolidated basis, Welspun Corp's net profit rose 1039.2% to Rs 143.77 crore on 60.1% growth in net sales to Rs 2262.28 crore in Q4 March 2015 over Q4 March 2014.

Welspun Corp is a one-stop service provider offering complete pipe solutions.

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