Sukhani told CNBC-TV18, "Welspun has corrected while the market was sideways. While the market was going up, it wasn't doing anything. But it is waking up now and that is a sign that it is going to do things more interesting."
He further added, "It is a buy for me. Most midcaps, which are outperformer, should be bought; largecaps should be avoided."
Welspun Gujarat Stahl Roh touched an intraday high of Rs 279.40 and an intraday low of Rs 270. At 13:25 hrs the share was quoting at Rs 277.00, up Rs 8.95, or 3.34%. It was trading with volumes of 602,933 shares. Yesterday the share closed up 0.94% or Rs 2.50 at Rs 268.05.
The company touched its 52 week high Rs 296.35 and 52 week low Rs 70.90 on 19 Nov, 2009 and 18 Mar, 2009, respectively. Currently, it is trading -6.53% below its 52-week high and 290.69% above its 52-week low. Market capitalisation stands at Rs 5,647.77 crore.
The company's trailing 12-month (TTM) EPS was at Rs 22.46 per share. The stock's price-to-earnings (P/E) ratio was 12.33. The latest book value of the company is Rs 76.17 per share. At current value, the price-to-book value of the company was 3.64. The dividend yield of the company was 0.54%.
