Page 4 - Welspun India

Welspun India shares extend fall, dip over 4% on Q2 net loss

Welspun India on Tuesday reported a consolidated net loss of Rs 147.52 crore

Welspun sued over Egyptian towels, sheets

Firm faces two class action suits, minimum of $5 million each

Welspun India records sharpest weekly fall; stock tanks 52%

The stock closed at its fresh 52-week low of Rs 49.40 on Friday, falling 52% from Rs 103.20 on August 19, 2016, wiping out Rs 5,406 crore from its market valuation.

Welspun India hires EY to probe US export lapses

It is alleged that the company, which uses Egyptian cotton, substituted another type of non-Egyptian cotton to make products

Welspun India recovers 7% after losing 47% in four days

On NSE, shares of the company went up by 6.75 per cent to Rs 57.70

Rumours of whistleblower float at Welspun's Anjar plant

In the past four days, the company has lost over Rs 4,800 crore in market cap on the BSE from Rs 10,335 crore on August 21 to Rs 5,465 crore on August 25

Welspun continues losing run; Rs 4,867-cr investor wealth lost

Stock plunged 8.26 per cent to settle at Rs 54.40 on the BSE

Welspun India turns volatile; stock dips 8%

The stock dropped 8% after rising over 5% in intra-day trade

Welspun India extends losses; tanks over 40% in three days

The stock is currently trading at Rs 59.30, its fresh 52-week low, falling 42% in past three days from Rs 102.85 on BSE.

Welspun India causes more damage than it appears

Welspun has lost a marquee client which contributed around 10% to its top line

Welspun India extends losses to hit 52-week low

The stock was locked in lower circuit for the second straight day, down 20% at Rs 65.85, also its 52-week low on the BSE.

Welspun tanks over Target break-up

The company said it will review its supply chain and expects an audit to be completed within six to eight weeks

Welspun India falls 20% on talk of Target breaking ties

A combined 264,071 shares changed hands and there were pending sell orders for 26.26 million shares on the NSE and BSE at 09:26 am.

Target severs ties with Welspun

Target Corp is ending all business with Welspun India Ltd, one of the world's biggest textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.The retailer said it discovered last month that 750,000 sheets and pillowcases labelled as Egyptian cotton were actually made with another type of cotton. The retailer pulled the items from its stores, and on Friday it began notifying customers that it will give them a refund on the products, which were produced between August 2014 and July 2016 and sold for as much as $75.Target is Mumbai-based Welspun's second-biggest customer, behind Bed Bath & Beyond Inc, according to Bloomberg data. The company makes towels, sheets, rugs and carpets for 18 of the top 30 global retailers. Its other major clients include Walmart Stores Inc, JC Penney Co and Macy's Inc. It also manufactures the towels for the Wimbledon tennis championships and the Rugby World Cup."We have informed Welspun that, due to this conduct, we ar

Welspun India Q1 net up 10% at Rs 201.85 crore

However, shares of the company closed 8.67% lower at Rs 99.00 apiece on BSE

Welspun India gains post Q4 results

The stock moved higher by 5% to Rs 105 on the BSE in otherwise weak market in noon deal.

Welspun India trades ex-stock split

The stock up 4% at Rs 97.50 on the BSE after the stock turned ex-stock split today in the ratio of 1:10.

Welspun India nears record high

The company fixed March 22 as the record date for 10:1 stock split and payment of 60% second interim dividend.