At the day's low of Rs 275, the stock had lost 1.49% before the company announced the overseas orders during trading hours.
Meanwhile, the BSE Sensex was up 6.18 points, or 0.04% to 17,525.44.
On BSE, 4.14 lakh shares were traded in the counter as against an average daily volume of 3.14 lakh shares in the past one quarter.
The stock hit a high of Rs 282.75 and a low of Rs 275 so far during the day. The stock had hit a 52-week high of Rs 296.35 on 19 November 2009 and a 52-week low of Rs 61.70 on 18 March 2009.
The mid-cap stock had outperformed the market over the past one month till 18 March 2010, gaining 13.02% as compared to the Sensex's 7.30% rise. It had also outperformed the market in the past one quarter, rising 7.37% as compared to the Sensex's return of 4.78%.
The company's equity capital is Rs 102.02 crore. Face value per share is Rs 5.
The current price of Rs 278.80 discounts the company's Q3 December 2009 annualized EPS of Rs 25.05, by a PE multiple of 11.13.
With the latest orders, the company's current order book stands at Rs 7800 crore, which is 1.33 times its sales of Rs 5878.31 crore in the year ended March 2009, giving strong revenue visibility.
In early March 2010, the company bagged overseas orders aggregating Rs 600 crore for supplying pipes and plates.
Welspun Gujarat Stahl Rohren's net profit jumped 181.9% to Rs 127.71 crore on 4.4% rise in net sales to Rs 1520.38 crore in Q3 December 2009 over Q3 December 2008.
Welspun Gujarat Stahl Rohren's business includes production and coating of high-grade submerged arc-welded pipes and electric resistance welded pipes. 's business includes production and coating of high-grade submerged arc-welded pipes and electric resistance welded pipes.