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Welspun India gains over 7% on robust H1 earnings

By Religare

Share of Welspun India Ltd. soared over 7 per cent to a new 52 week high in the early trade on Bombay Stock Exchange (BSE) after the company reported an over two-fold increase in consolidated net profit at Rs 85 crore during the first half (April-September) of current financial year 2012-13.

Total operational income grew 24 per cent at Rs 1,551 crore on year-on-year basis.

The home textile manufacturer is eyeing up to USD 650 million (about Rs 3,548 crore) revenue by the end of this fiscal on the back of solid order books.


The shares of the company touched a high Rs 68.15 and were trading at Rs 66.90, up 5.35 per cent.

In a similar fashion, shares of the company were quoting at Rs 66.65 a piece, up 4.63 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,297.34, down 12.03 points at 11:55 hours.

Read more about: welspun india
Story first published: Monday, November 19, 2012, 20:30 [IST]
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