Welspun Corp has received a significantly large order in the USA valued at Rs 2,400 crore (approx.), for supply of Coated HSAW Pipes for a Natural gas Pipeline project. Execution of this order will be during FY25 and FY26. The company said, This win further reinforces our credibility and demonstrate our leading position in the USA market. Our outlook for the USA market remains extremely positive and there are few more projects, where we have participated and are favourably placed for orders.Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 751.25, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.04% on the day, quoting at 25907.85. The Sensex is at 84562.88, down 1.18%. Welspun Corp Ltd has added around 7.6% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 10.12% in last one month and is currently quoting at 10064.6, up 1.83% on the day. The volume in the stock stood at 15.81 lakh shares today, compared to the daily average of 7.32 lakh shares in last one month.The PE of the stock is 38.62 based on TTM earnings ending June 24.Powered by Capital Market - Live

Securities in F&O ban : Balrampur Chini Mills, Hindustan Copper New Listing: Premier Energies IPO will list on stock exchanges today. The price band was between Rs 427 to 450 per share. It was open between 27th August to 29th August 2024. The issue was subscribed 74.38 times. Stocks to watch: Welspun Corp board has approved $100 million investment in its subsidiary, Welspun Pipes, for upgrading HFIW pipe manufacturing capabilities in the USA. Maruti Suzuki India reported a 2% increase in total production in August, reaching 1.69 lakh units year over year. Muthoot Finance subsidiary, Belstar Microfinance has received approval from SEBI to launch its IPO. Belstar plans to raise Rs 1,000 crore via fresh issue and Rs 300 crore through offer for sale. Gensol Engineering and Matrix Gas & Renewables consortium has emerged as the lowest bidder for EPC for developing India's first Bio-Hydrogen project for India's leading power generation company. Through this project, the companies will convert 25 tons of bio-waste into 1 ton of hydrogen per day. Matrimony board will meet on 5 September 2024, to consider the proposal of buyback of equity shares of the company. NMDC 's Iron ore production in August fell by 10% year-on-year to 3.07 million tons, and sales declined by 11.3% to 3.14 million tons. Shriram Finance board approved a fund raising through debt securities via private placement. The issue size of Rs 500 crore, with a greenshoe option of Rs 1,500 crore. Elpro International has acquired 97,250 equity shares of Central Depository Services (CDSL) for total consideration of Rs 14.22 crore. Meanwhile, the company has also acquired 1,79,715 equity shares of Globus Spirits for total consideration of Rs 20.01 crore. Shipping Corporation of India's subsidiary, SCI Bharat IFSC gets government approval for establishment of unit at GIFT Special Economic Zone (SEZ) in Gujarat.Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 727.95, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 24833.9. The Sensex is at 81102.86, up 0.06%. Welspun Corp Ltd has risen around 8.83% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has risen around 0.23% in last one month and is currently quoting at 9326.25, down 0.4% on the day. The volume in the stock stood at 10.84 lakh shares today, compared to the daily average of 15.06 lakh shares in last one month.The PE of the stock is 37.63 based on TTM earnings ending June 24.Powered by Capital Market - Live

Welspun Corp has allotted 86,500 equity shares under ESOP on 11 August 2024. Post allotment of the shares, the paid up equity share capital has increased to Rs.131,17,46,975/- divided in to 26,23,49,395 equity shares of Rs. 5 each.Powered by Capital Market - Live

Net profit of Welspun Corp rose 50.06% to Rs 248.18 crore in the quarter ended June 2024 as against Rs 165.39 crore during the previous quarter ended June 2023. Sales declined 22.90% to Rs 3137.23 crore in the quarter ended June 2024 as against Rs 4069.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3137.234069.27 -23 OPM %11.928.77 - PBDT390.07314.03 24 PBT305.24228.16 34 NP248.18165.39 50 Powered by Capital Market - Live

Welspun Corp will hold a meeting of the Board of Directors of the Company on 7 August 2024Powered by Capital Market - Live