Welspun India is currently trading at Rs. 82.30, up by 0.25 points or 0.30% from its previous closing of Rs. 82.05 on the BSE.
The scrip opened at Rs. 82.85 and has touched a high and low of Rs. 83.30 and Rs. 82.05 respectively. So far 57,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 119.90 on 14-Jun-2016 and a 52 week low of Rs. 46.35 on 30-Aug-2016.
Last one week high and low of the scrip stood at Rs. 86.40 and Rs. 80.05 respectively. The current market cap of the company is Rs. 8,268.00 crore.
The promoters holding in the company stood at 73.48%, while Institutions and Non-Institutions held 13.66% and 12.86% respectively.
Welspun India has started its Rs 150-crore Needle Entangled Advance Textile Plant for its technical textiles business at Anjar in Kutch, Gujarat. Additionally, the company has invested Rs 100 crore in a fully automated cut and sew unit in the made-ups segment with a capacity of 10 million units per annum.
The facility will have capabilities of Spun Lace and Needle Punch lines, which can manufacture multilayer composites for various applications. The plant has the initial manufacturing capacity of 2,400 tonnes per annum.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.