Stock of this iron & steel company zoomed 130% in 7 months; hits 15-yr high

Welspun Corp surged 7 per cent to Rs 489.30 on the BSE, its highest level since February 200

Shares of Welspun Corp hit a 15-year high of Rs 489.30, surging 7 per cent on the BSE in Thursday's intraday trade, on the back of heavy volumes after it reported profit after tax of Rs 385 crore in the September quarter (Q2FY24) on strong operational performance.

The company had posted loss of Rs 57 crore in the year-ago quarter.

Stock of iron & steel firm was trading at its highest level since February 2008. It had hit a record high of Rs 537.70 on January 17, 2008. In the past seven months, the market price of Welspun