Shares of Welspun Corp Limited will remain in the spotlight today as the company informed via its exchange filing dated February 17, 2025 about receiving two large orders worth Rs 3000 crores from US. Last trading price of Welspun Corp shares on BSE stood at Rs 745.00 per share. The stock witnessed steep decline of more than 6% on Bombay Stock Exchange on February 14, 2025. However, its returns in last 2-years stood at 280.82%. The company has a market capitalisation of Rs 19,545.03 crore and offers a return of equity of 15.46%. Check more details below:
Welspun Corp Wins Big Orders
According to the exchange filing of the company dated Feb 17, “we are pleased to announce receipt of new orders in the USA including two large orders for HSAW Pipes and additional orders for HFIW Pipes, valued at approx. Rs 3,000 Crore for supply of coated Pipes primarily for Natural Gas Pipeline Projects. Execution of these orders will be largely during FY26 and FY27.”
These wins continue to reinforce our leading and dominant market share in the USA O&G transmission space. Our outlook for the USA market continues to remain positive for next few years and Welspun is fully poised to benefit from more opportunities in the time to come. With addition of these new orders, value of our Company’s consolidated order book stands at approx. Rs. 18,000 Crores, added the exchange filing of the company.
Welspun Corp Shares Performance
The 52-week high price of Welspun Corp shares on BSE stood at Rs 835.00 per share (as on 03/01/2025) and 52-week low price is Rs 441.00 per share (as on 04/06/2024), respectively. In last 1-week, Welspun Corp shares recorded decline of over 7%, registered rally of 11.91% in last 6-months, and offered return of 31.91% in last 1-year. The stock delivered highest returns in last 10-years as shares zoomed 1058% and witnessed gain of 373.01% in last 3-years.
Welspun Corp Dividend History
The company recommended a total of 20 dividends since September 21, 2006. In last 1-year, the company announced an equity dividend amounting to Rs 5.00 per share. Its dividend yield stood at 0.68%.
The company never recommended any bonus share.
Shareholding
The metal stock is backed by FII/FPI. It is worth mentioning FII/FPI increased holdings from 11.65% to 11.71% in December 2024 quarter. Number of FII/FPI investors increased from 187 to 199 for December 2024 quarter. Mutual Funds increased holdings from 6.70% to 8.98% for December 2024 quarter, according to Trendlyne.
Life Insurance Corporation Of India (LIC) has 4.73% stake in the company.
About
It is a leading global company engaged in the manufacturing and supply of steel and plastic products, consisting of pipes, tubes, and bars. It is one of the world’s three line pipe manufacturers.
Disclaimer: The story highlights order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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