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Welspun Corp rises after winning order

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rose 2.62% to Rs 179.95 at 10:14 IST on after the company said it has entered in to an agreement for supplying 220 KMT of pipes for & in the American region.

The announcement was made after market hours yesterday, 6 September 2018.

Meanwhile, the Sensex was down 49.22 points, or 0.13% to 38,193.59.

On the BSE, 84,000 shares were traded in the counter so far compared with average daily volumes of 1.82 lakh shares in the past two weeks. The stock had hit a high of Rs 183.90 and a low of Rs 178.45 so far during the day. The stock hit a 52-week high of Rs 197 on 22 January 2018. The stock hit a 52-week low of Rs 103.30 on 20 July 2018.

With this addition, Welspun Corp's current order book stands at 1,776 KMTs valued at Rs 15000 crore.

On a consolidated basis, net profit of declined 14.71% to Rs 43.65 crore on 29.98% rise in net sales to Rs 1949.05 crore in Q1 June 2018 over Q1 June 2017.

Welspun Corp, the flagship company of Welspun Group, is among the largest welded companies in the world.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 07 2018. 10:16 IST