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On Monday i.e. April 29, 2024 share price of a Steel stock increased by almost 5% at the end the trading session. At some point of the day the stock has even seen 9% gain its share price.
This sudden rise in the share price is because of the recent order it has bagged from a PSU customer. In its regulatory filing, Company has clearly mentioned that, they have received an order worth ₹ 21.64 crores from a domestic PSU client for supplying stainless steel seamless tubes. These tubes shall be produced in an integrated manner under one roof and will be used for critical boiler application. As per the agreement they are bound to deliver the order by January 2025. Steel Company which we are discussing is “Welspun Specialty Solutions Limited”.
On Friday i.e. 26th April 2024 , Welspun Specialty Solutions Limited share closing price was ₹ 39.01. On Monday stock has seen a gap up of almost ₹ 1 and with in few minutes the share price has reached day high of ₹ 42.90. After that stock has seen a profit booking from investors and traders and at the end of the day, stock has closed near the opening price.
Welspun Specialty Solutions Limited Market Cap & Fundamentals :
With a Market Capitalization of over ₹ 2150 Crores, this small cap steel company has given multi bagger returns in the last couple of years.
In the last one year, Welspun Specialty Solutions share price has increased by almost 103% and in the last 3 years it was almost 160%.
Net Profit : Quarterly
Quarter | Net Profit [ Crores] ₹ |
March 2023 | 8 |
June 2023 | 11 |
September 2023 | 5 |
December 2023 | 6 |
March 2024 | 40 |
Compare to the last quarter i.e. December 2023, net profit for the latest quarter is almost 7 times.
Promoters Holding in the company :
Promoters holding in Welspun Specialty Solutions is around 55.17%. From March 2023 to till date , promoters share holding is same and more over the good news they haven’t pledged the shares.
Bonus , Split and Dividend History :
Welspun Specialty Solutions till date has not stock split or bonus or dividend to its share holders.
If you have invested 1 Lakh in this stock, during the Corona crisis, you return on investment would be around 900%.
₹ 1 Lakh invested in 2020 April, would be now ₹ 9 Lakhs. [ power of investing and holding the stocks].
About Company :
Main business of Welspun Specialty Solutions Limited is manufacturing and selling steel & steel products in India.
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