Welspun Corp rose 1.34% to Rs 72.05 at 11:23 IST on BSE after the company said it has won fresh domestic orders to take its current order book to Rs 5800 crore.
The announcement was made before market hours today, 7 April 2014.
Meanwhile, the S&P BSE Sensex was down 119.30 points or 0.53% at 22,240.20.
On BSE, so far 8,672 shares were traded in the counter as against average daily volume of 1.04 lakh shares in the past one quarter.
The stock hit a high of Rs 73.90 and a low of Rs 69.50 so far during the day. The stock had hit a 52-week high of Rs 74 on 18 March 2014. The stock had hit a 52-week low of Rs 26.65 on 21 August 2013.
The stock had outperformed the market over the past one month till 4 April 2014, surging 10.83% compared with the Sensex's 5.42% rise. The scrip had also outperformed the market in past one quarter, jumping 22.38% as against Sensex's 7.23% rise.
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The small-cap company has equity capital of Rs 131.47 crore. Face value per share is Rs 5.
Welspun Corp said it has won fresh domestic orders (total orders stands at approx. 900k metric tons) to take its current order book to Rs 5800 crore.
Welspun Corp reported a consolidated net profit of Rs 7.51 crore in Q3 December 2013 as against net loss of Rs 80.59 crore in Q3 December 2012. Net sales declined 27.6% to Rs 1742 crore in Q3 December 2013 over Q3 December 2012.
Welspun Corp is a one-stop service provider offering complete pipe solution with a capability to manufacture line pipes ranging from half inch to 140 inches, along with specialized coating, double jointing and bending.
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