Trending stocks: Welspun Corp share price jumps 4%

NEW DELHI: Shares of Welspun Corp Ltd. traded 4.2 per cent up in Tuesday 's trade at 10:13AM (IST).

Around 235044 shares changed hands on the counter. The stock opened at Rs 67.5 and touched an intraday high and low of Rs 67.5 and Rs 65.4 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 232.9 and a 52-week low of Rs 59.9 .

Textile manufacturer Welspun has switched capacities to produce disinfectant wipes and surgical masks in order to meet increased demand for personal protection items in the wake of the Covid-19 outbreak.

Financials
Welspun Corp Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 1682.70 Crore) operating in Metals - Ferrous sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 2844.67 Crore, up 27.87 % from last quarter Sales of Rs 2224.61 Crore and up 12.49 % from last year same quarter Sales of Rs 2528.85 Crore Company reported net profit after tax of Rs 185.61 Crore in latest quarter.

Welspun Corp Ltd. key Products/Revenue Segments include Welded Pipes which contributed Rs 3809.16 Crore to Sales Value (92.08 % of Total Sales), Sale of services which contributed Rs 177.04 Crore to Sales Value (4.27 % of Total Sales), Scrap which contributed Rs 60.43 Crore to Sales Value (1.46 % of Total Sales), Other Operating Revenue which contributed Rs 52.74 Crore to Sales Value (1.27 % of Total Sales) and Export Incentives which contributed Rs 37.12 Crore to Sales Value (0.89 % of Total Sales)for the year ending 31-Mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of 5.0 and price to book value of 0.63 .