Page 4 - Welspun India

Welspun tanks over Target break-up

The company said it will review its supply chain and expects an audit to be completed within six to eight weeks

Welspun India falls 20% on talk of Target breaking ties

A combined 264,071 shares changed hands and there were pending sell orders for 26.26 million shares on the NSE and BSE at 09:26 am.

Target severs ties with Welspun

Target Corp is ending all business with Welspun India Ltd, one of the world's biggest textile manufacturers, after saying the supplier was sending it phony Egyptian cotton sheets.The retailer said it discovered last month that 750,000 sheets and pillowcases labelled as Egyptian cotton were actually made with another type of cotton. The retailer pulled the items from its stores, and on Friday it began notifying customers that it will give them a refund on the products, which were produced between August 2014 and July 2016 and sold for as much as $75.Target is Mumbai-based Welspun's second-biggest customer, behind Bed Bath & Beyond Inc, according to Bloomberg data. The company makes towels, sheets, rugs and carpets for 18 of the top 30 global retailers. Its other major clients include Walmart Stores Inc, JC Penney Co and Macy's Inc. It also manufactures the towels for the Wimbledon tennis championships and the Rugby World Cup."We have informed Welspun that, due to this conduct, we ar

Welspun India Q1 net up 10% at Rs 201.85 crore

However, shares of the company closed 8.67% lower at Rs 99.00 apiece on BSE

Welspun India gains post Q4 results

The stock moved higher by 5% to Rs 105 on the BSE in otherwise weak market in noon deal.

Welspun India trades ex-stock split

The stock up 4% at Rs 97.50 on the BSE after the stock turned ex-stock split today in the ratio of 1:10.

Welspun India nears record high

The company fixed March 22 as the record date for 10:1 stock split and payment of 60% second interim dividend.