On BSE, so far 97.58 lakh shares were traded in the counter, compared with an average volume of 1.08 lakh shares in the past one quarter.
The stock hit a high of Rs 100.40 so far during the day, which is a 52-week high for the counter. The stock hit Rs 85.90 so far during the day. The stock hit a 52-week low of Rs 26.65 on 21 August 2013.
The stock had underperformed the market over the past one month till 3 June 2014, rising 9.75% compared with 10.96% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 32.77% as against Sensex's 18.68% rise.
The mid-cap company has an equity capital of Rs 131.47crore. Face value per share is Rs 5.
Welspun Infra Developers and Welspun Fintrade, which are part of the promoter Welspun Group, today, 4 June 2014, acquired the entire equity shareholding held by MHEIM PIPECOATINGS GmbH, a co-promoter in Welspun Corp, constituting 3.124% equity shareholding in Welspun Corp, at a per share price of Rs 85.25 per equity share. The transaction was executed by way of a block deal on the designated trading window of the Bombay Stock Exchange, Welspun Corp said in a statement.
Welspun Corp, the flagship company of Welspun Group, is one of the largest large diameter line pipe companies in the world.
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