Welspun Corp Share: Welspun Corp Ltd (NSE: WELCORP) share rose 3.4 percent to an intraday high of Rs 653.70 on Wednesday. A big order is behind this rise in share. Today on Thursday the share price is at Rs 649.95.
The company said on August 7 that its associate company has received several orders worth about ₹ 525 crore for the manufacture and supply of steel pipes and coatings. The duration of this order is 24 months.
What Did The Company Say?
Welspun Corp Ltd branch East Pipes Integrated Company for Industry (EPIC) is one of Saudi Arabia’s top manufacturers of helical submerged welded (HSAW) pipes.
The company said that the financial impact of the order will be visible from the fourth quarter of this financial year to the third quarter of the financial year 2026-27.
In the last month, the company was able to provide LSAW pipe and bents (bare as well as coated) from the Middle East. The company stated that the orders would be fulfilled during FY25 and FY26.
The company in June reported that the company’s Saudi Arabian subsidiary had signed numerous contracts with Aramco in the amount of 3,670 crore rupees.
Share Status
Welspun Corp Ltd share has gained 10% in the last six months and 14% so far this year YTD. The stock has gained 100% in a year. During this period, its price was Rs 324.
In five years, the stock has gained nearly 500%. Since 2004, the stock has gained 2321%. During this period, its price has increased from Rs 27 to the current price.
Welspun Corp Stock Performance
| Current Price | ₹ 652 |
| 52-wk High | ₹ 678 |
| 52-wk Low | ₹ 310 |
| 5 Days Return | 0.51% |
| 1 Month Return | 6.53% |
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