“As part of his role of spearheading Welspun New Energy, Mr. Maheshwari will lend his well-rounded domain expertise to incubate Welspun Enterprises newest business, giving it a strategic direction going forward,” the company said in a press statement.

Welspun New Energy appoints Kapil Maheshwari as the ED & CEO

JMC Projects and Kalpataru Power Transmission had mutually fixed Wednesday, as the record date for the purpose of determining the shareholders of the company to whom the equity shares of Kalpataru Power Transmission would be allotted

JMC Projects to turn ex-amalgamation; Welspun Enterprises to go ex-dividend, Pacific Ind ex-rights

The company said that its chief financial officer, Sanjay Sultania, resigned on Monday, 9 January 2023.

Welspun Enterprises CFO Sanjay Sultania resigns

Welspun Enterprises approved a share buyback worth Rs 235 crore and special dividend of Rs 7.5 per share.

Welspun Enterprises Approves Buyback, Special Dividend

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Board of Welspun Enterprises approves buyback of up to Rs 235 cr

Aggregating to ₹235 crore, the buyback will account for 14.22 per cent of total paid-up equity share capital

Welspun Enterprises to buyback shares at ₹200 a piece

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Under the share buyback scheme, Welspun Enterprises will purchase 1,17,50,000 equity shares of Rs. 10/- each at the buyback price of Rs 200 per equity share

Welspun Enterprises stock climbs 3% after board clears buyback of shares

Welspun Enterprises will buy up to 1.17 crore shares, spending a total amount of up to Rs 235 crore, at Rs 200 apiece.

Welspun Enterprises Shares Gain After Board Approves Buyback

Welspun Enterprises board also approved the special dividend of ₹7.50 per share

Welspun Enterprises announces share buyback, pay special dividend. Key details

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

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Default probability

Red flags

Welspun Enterprises Limited is a holding company that operates through infrastructure development segment.It has investment in renewable energy, and oil and gas exploration sectors.