Welspun Corp rose 3.29% to Rs 106.75 at 11:25 IST on BSE after consolidated net profit surged 1825.5% to Rs 101.09 crore on 5.3% growth in net sales to Rs 2435.99 crore in Q2 September 2015 over Q2 September 2014.
The result was announced on Saturday, 14 November 2015.
Meanwhile, the BSE Sensex was up 22.47 points, or 0.09%, to 25,607.47
On BSE, so far 2.14 lakh shares were traded in the counter, compared with an average volume of 1.64 lakh shares in the past one quarter.
The stock hit a high of Rs 112.30 and a low of Rs 106.55 so far during the day. The stock hit a 52-week high of Rs 153.60 on 5 August 2015. The stock hit a 52-week low of Rs 51.90 on 27 March 2015.
The stock had underperformed the market over the past one month till 13 September 2015, falling 9.02% compared with 4.6% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 14.76% as against Sensex's 7.04% decline.
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The small-cap company has an equity capital of Rs 131.59 crore. Face value per share is Rs 5.
Welspun Corp is a one-stop service provider offering complete pipe solutions.
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