Welspun Enterprises surges over 15% after block deal

Welspun Enterprises shot up more than 15% in Monday’s trading session after 41.2 lakh shares were traded in a block deal.

Jun 12, 2017 09:06 IST India Infoline News Service

Welspun Enterprises shot up more than 15% in Monday’s trading session after 41.2 lakh shares were traded in a block deal. It was trading higher by 15.8% at Rs 111.05 per share at 1428 hours IST on BSE.
 
The stock witnessed a spurt in the volume by more than 82.94 times. It also hit a 52-week high value of Rs 112.30. The market capitalisation of the company is Rs 1,622.43 crore.
 
The stock has delivered more than 80% returns in a period of one year.  It has outperformed BSE small-cap and BSE Sensex over the same period.
 
On the NSE, the traded volume of shares is 73,50,272 and the traded value is Rs 7,600.92 lakh.
 
Welspun Enterprises Limited offers civil engineering services. The company's segments include infrastructure, trading, and oil & gas.
 
Stock View:
 
Welspun Enterprises Ltd is currently trading at Rs 108.4, up by Rs 12.55 or 13.09% from its previous closing of Rs 95.85 on the BSE.
 
The scrip opened at Rs 94.5 and has touched a high and low of Rs 112.3 and Rs 90 respectively. So far 16594788(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1411.8 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 101.6 on 21-Apr-2017 and a 52 week low of Rs 54 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 99 and Rs 90.45 respectively.
 
The promoters holding in the company stood at 44.63 % while Institutions and Non-Institutions held 15.63 % and 39.74 % respectively.
 
The stock is currently trading above its 50 DMA.

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