Current price is less than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock offers good dividend returns
Good time to consider, as stock is not in overbought zone
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Welspun Corp Limited is a diameter line pipe company, engaged in the business of production and coating of submerged arc welded pipes, hot rolled steel plates and coils, and power generation.
Customise key metrics, see detailed forecasts, download stock data and more
In last 6 months, promoter holding in the company has almost stayed constant
Pledged promoter holdings is insignificant
In last 3 months, mutual fund holding of the company has decreased by 1.44%
1 day ago•Moneycontrol
1 day ago•Business Standard
1 day ago•Business Standard
Welspun Corp Limited has informed the Exchange regarding 'This is further to our announcement dated September 17, 2022 for securing a Carbon Capture Pipeline project in the United States for supply of HFIW pipes from our Little Rock plant in the U.S. We have been notified that in line with the provisions of the contract, the customer wishes to exercise its right for delaying the delivery schedule, which can be for a maximum period of 6 months. Basis the information in the public domain, we believe this is on account of some regulatory hearings / proceedings and the customer remains upbeat on the project.The customer wishes to discuss and finalize the revised dates for the production schedule. We, thus, believe that this order will still be executed in FY 23-24 as originally planned. This deferment has no financial impact on our committed costs as we are fully covered on the same contractually.Please take the same on record.'. | Download
Welspun Corp Limited has informed the Exchange regarding 'This is further to our announcement dated September 17, 2022 for securing a Carbon Capture Pipeline project in the United States for supply of HFIW pipes from our Little Rock plant in the U.S. We have been notified that in line with the provisions of the contract, the customer wishes to exercise its right for delaying the delivery schedule, which can be for a maximum period of 6 months. Basis the information in the public domain, we believe this is on account of some regulatory hearings / proceedings and the customer remains upbeat on the project.The customer wishes to discuss and finalize the revised dates for the production schedule. We, thus, believe that this order will still be executed in FY 23-24 as originally planned. This deferment has no financial impact on our committed costs as we are fully covered on the same contractually.Please take the same on record.'. | Download
Final • Div/Share: ₹ 5
Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value