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NSE Announcements on Welspun India
Posted by :
MMB MessengerWelspun India Limited has informed the Exchange that the Boards of Directors of the Company have passed a resolution for postponing the Extra-Ordinary General Meeting of the Company, which was to be held on November 30, 2009 for obtaining shareholders approval for further issue of securities upto an amount equivalent of US$ 75 million, to December 14, 2009....
Buy Welspun India for 2 months
Posted by : Dr. ShastriBuy and hold Welspun India for two months. One may gain 25-40% in two months time....
NSE Announcements on Welspun India
Posted by : MMB MessengerWelspun India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 23, 2009 has : 1) Decided to convene an extra-ordinary general meeting of the company on November 30, 2009 for obtaining shareholders approval for further issue of securities upto an amount equivalent of US$ 50 million. 2) noted that as a demerged company of the company viz. Welspun Global Brands Limited has appointed Mr. Rajesh R. Mandawewala as the Managing Director of the Welspun Global Brands Limited, Mr. Rajesh R. Mandawewala ceases to be the Joint Managing Director of the Company but continues as a director of the company....
BSE Announcements on Welspun India
Posted by : MMB Messenger
Welspun India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2009, inter alia, has transacted the following:
1. Decided to convene an extra-ordinary general meeting of the Company for obtaining shareholders approval for further issue of securities upto an amount equivalent of US$50 million.
2. Noted that as a demerged Company of the Company viz. Welspun Global Brands Ltd. has appointed Mr. Rajesh R. Mandawewala as the Managing Director of the Welspun Global Brands Ltd., Mr. Rajesh R. Mandawewala ceases to be the Joint Managing Director of the Company but continues as a director of the Company....
Good results from a good company
Posted by : prjayachandran
The company belongs to the well managed Welspun group. Although Welspun India is the flagship company of the group,it is Welspun Gujarat Stahl Rohren Limited that is the most well known in the group.
After almost a decade of bad performance, fortunes seems to be improving for textile companies. It has to be textile stocks from well managed groups that lead the textile pack on the road to recovery.
Welspun India has reported continuously rising sales and net profits for the last three quarters. The EPS for September 09 quarter of Rs. 5.71 makes the TTM EPS of Rs.13.87.
It may not be difficult for the company to post a full year EPS of Rs.20.
The share price rose 40% in the last six trading sessions (perhaps in anticipation of good results) and is close to overbought territory (meaning price is overheated now and you can wait for a while for price to decline to make purchases).
Considering that it should not be impossible for the share to get a PE of 15 in the long term, the scrip is a good pick on declines.
...
WELSPUN INDIA Q2 Numbers Out
Posted by : pms.swastika
WELSPUN INDIA Q2 Numbers Out:
Net Profit at Rs. 41.70 Cr Vs Rs. 0.50 Cr (+8240.00%) (YoY)
Net Sales at Rs. 462.00 Cr Vs Rs. 379.00 Cr (+21.90%) (YoY)
Regards
Swastika PMS...
BSE Announcements on Welspun India
Posted by : MMB MessengerWelspun India Ltd has informed BSE that about the Financial Results for the Quarter ended September 30, 2009....
Near Term Target
Posted by :
modimitul
I have received shares of Welspun Global and Welspun Investments in my account, which have not yet been listed. My doubt is that if I sell some shares of Welspun India then what will happen to my shares of Welspun Global and Welspun Investments?
...
Near Term Target
Posted by : Guest
I`m unable to sell this on NSE:WELSPUNINDEQ from my Reliance Money Account. How will I be able to sell this..? Could some one please advise..? I had checked with RMoney Customer Service, they said this is available for trading under the T2TBoth Segment, but I`m still unable to trade it there.
What could I do to sell shares..?...
Near Term Target
Posted by : sundeep_43it will not stop till 100 rupees........enjoy...
Near Term Target
Posted by : jhazeeThe stock is moving up and closing at upper level since last few days.May someone tell me the reasons and also what is the near term target as i hold 1100 @rs.80/share.Thanks....
De Merger Impact : Negative
Posted by : venkatagopalMerger or demerger--nothing like positive or negative. Its just someone`s sentiment only. Ultimately it is the performance that counts. It is a great story unfolding in Welspun India. ...
De Merger Impact : Negative
Posted by : Gopinathcog1
Hi,
De Merger series happening across the sectors or companies.
As far as i know, Merger is something like postive to the script and De Merger is negative in terms of movement in scripts.
If the company is involved in demerging activity, then obviously the momentum in the script will slow down as happening to the existing scripts (but not completely).
Even after the de merged script(s) listing then stocks may give slow movement but that negative impact will be for few weeks or months only right..?
Pls correct me if iam wrong.
Once the momentum got into the hand of the scripts, we will be having 2X quantity instead of X quantity had earlier... I see this is an positive impact to the investors in the view of minimum 4/5 months.
Pls share me ur views...
Thanks in advance......
BSE Announcements on Welspun India
Posted by : MMB MessengerWelspun India Ltd has informed BSE that the 24th Annual General Meeting (AGM) of the Company was held on September 30, 2009. ...
NSE Announcements on Welspun India
Posted by : MMB MessengerWelspun India Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the company held on September 30, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
