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Welspun Enterprises up for 11th straight trading day post Q4 results

The stock hit a new high of Rs 202, rallied 32% from Rs 153 on May 9, 2018, as compared to 2.4% decline in the S&P BSE Sensex.

Welspun Enterprises up for 11th straight trading day post Q4 results
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SI Reporter Mumbai
Shares of Welspun Enterprises were trading higher for the 11th straight session, rising 5% to Rs 202 per share on the BSE after the company reported a nearly four-fold jump in its consolidated net profit at Rs 253 million in March quarter. It had profit of Rs 67 million in the same quarter last fiscal.

The stock of construction & engineering company was trading at its new high rallying 32% from Rs 153 on May 9, 2018. On comparison, the S&P BSE Sensex has dipped 2.4% during the same period.

Total income during the quarter under review, rose