Welspun Enterprises fell 1.99% to Rs 105.80 at 15:19 IST on BSE on profit booking after a recent rally.
Meanwhile, the S&P BSE Sensex was up 16.58 points, or 0.05% to 31,112.28.On the BSE, 10.72 lakh shares were traded in the counter so far, compared with average daily volumes of 3.49 lakh shares in the past one quarter. The stock had hit a high of Rs 113.70 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 105.35 so far during the day. The stock hit a 52-week low of Rs 54 on 22 November 2016.
The stock had outperformed the market over the past one month till 12 June 2017, rising 17.27% compared with 3.01% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 59.34% as against Sensex's 5.61% rise. The scrip had also outperformed the market in past one year, rising 73.97% as against Sensex's 17.80% rise.
The small-cap company has equity capital of Rs 147.29 crore. Face value per share is Rs 10.
Shares of Welspun Enterprises rose 18.11% in four trading sessions to settle at Rs 107.95 yesterday, 12 June 2017, from its close of Rs 91.40 on 6 June 2017.
Net profit of Welspun Enterprises rose 276.06% to Rs 17.75 crore on 148.51% rise in net sales to Rs 181.49 crore in Q4 March 2017 over Q4 March 2016.
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Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in oil & gas exploration.
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