Welspun India moves higher after strong Q4 earnings

Welspun India rose 0.4% to Rs 99.90 at 14:42 IST on BSE after consolidated net profit rose 19.77% to Rs 193.29 crore on 19.22% growth in net total income from operations to Rs 1628.35 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 25 April 2016.

Meanwhile, the S&P BSE Sensex was down 241.45 points or 0.93% at 25,596.69.

On BSE, so far 6.57 lakh shares were traded in the counter as against average daily volume of 61,073 shares in the past one quarter. The stock was volatile. The stock rose as much as 5.42% at the day's high of Rs 104.90 so far during the day. The stock lost as much as 1.25% at the day's low of Rs 98.25 so far during the day. The stock had hit a 52-week low of Rs 35.80 on 27 April 2015. The stock had hit a record high of Rs 111 on 23 March 2016. The stock had outperformed the market over the past one month till 22 April 2016, gaining 2.58% compared with Sensex's 2% rise. The scrip had also outperformed the market in past one quarter, advancing 21.92% as against Sensex's 5.74 % rise.

The mid-cap company has equity capital of Rs 100.47 crore. Face value per share is Rs 1.

Welspun India is the leading home fashions supplier in the USA and amongst the top 3 global manufacturers of bed and bath linen.

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