It had reported a net profit of Rs 168.45 crore during the April-June period of preceding 2023-24 fiscal, the company said in an exchange filing
DBS Nominees Private Limited sold 46.1 lakh equity shares in the Meghmani Organics at Rs 82.12.
The company's expenses stood at Rs 1,235.74 crore, compared to Rs 1,053.76 crore a year earlier.
"We have received multiple orders of approximately 93 KMT (kilometric tonnes) valuing close to Rs 777 crore. This includes a single order of approximately 50 KMT received from a large client in the Middle East which would be executed from our facility in Saudi Arabia," Welspun Corp Ltd said in a BSE filing.
Nifty should register a breakout in the next two sessions with a strong close above 10,870 levels signalling the beginning of short term uptrend.
Nifty has to continue to hold above 10750-10777 zones to extend its move towards crucial hurdle at 10985 and above that, only a fresh leg of the rally could start.
Nifty has been flirting to its 50-DEMA from last 38 trading sessions and got stuck in a broader trading range with crucial hurdle at 10950-10985 zones.
On the weekly price chart, the Nifty index formed a bearish ‘long-legged Doji’ kind of candlestick pattern suggesting indecision among traders on direction.
For the momentum to continue, the Nifty has to hold above 10750-10777 zones to extend its move towards crucial hurdle at 10985 and above that, only a fresh leg of the rally could start towards 11K.
Welspun Corp Ltd, the flagship company of the USD 3.5-billion Welspun Group, on Tuesday said it has completed a buyback of foreign currency convertible bonds (FCCBs) worth USD 44.1 million out of the USD 150-million debt.
Brickwork Ratings (BWR) has assigned 'BWR AA-' rating with a Stable outlook for Welspun Corp Ltd.'s (WCL) proposed NCD Issue of Rs 1000 Crore. The rating "BWR AA-" stands for instruments are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.