Curated By: Business Desk
Last Updated: January 29, 2024, 18:01 IST
Welspun Living is among the largest producers of bathrobe and Terry Towels on the planet.
Welspun Living’s market capitalisation stands at greater than Rs 14,600 crore.
Welspun Living Ltd has develop into one of many favourites among the many buyers as the corporate’s inventory has greater than doubled buyers’ cash within the final one yr. The midcap inventory has not too long ago caught the eye of each overseas institutional buyers (FIIs) and home retrial buyers.
In the December quarter, the shareholding by FIIs within the firm elevated from 6.33 per cent to 7.25 per cent. Notably, seasoned investor Akash Bhansali has been persistently growing his possession within the inventory each quarter since 2022.
In the final one yr, Welspun Living Limited shares have seen practically 120 per cent surge in worth.
The firm’s market capitalisation stands at over Rs 14,500 crore. The inventory’s 52-week excessive is Rs 170.25 and the 52-week low is Rs
62.20 per share on BSE.
The textile main has given over 125% return within the final three years. The share value of Welspun Living Limited has gained practically 4% within the final one month.
Shares of Welspun Living surged over 14 per cent on Monday to hit an intraday excessive of Rs 156.85 apiece on BSE. However, the inventory pared a few of its good points and closed 9.31 per cent larger at Rs 150.25 apiece on BSE sustaining its upward swing for the second straight day.
The multibagger inventory can also be witnessing a constant rise in inflows from the overseas institutional buyers (FIIs). In current months, FIIs have steadily elevated their possession within the firm. Trend line knowledge for the quarter ending December 2023 reveals that FIIs/FPIs elevated their stake in Welspun Living from 6.33 per cent to 7.25 per cent. The firm’s promoters maintain 70.50 per cent of shares whereas public shareholding stands at 15.52 per cent. Mutual funds have a 2.03 per cent stake within the firm.
Well-known investor Akash Bhansali, holds 14,220,781 shares, representing 1.5 per cent stake of the corporate. The whole shareholding of Bhansali is valued at Rs 195.30 crore.
Over the previous twelve months, Welspun Living shares have delivered substantial returns to buyers. The inventory, priced at Rs 68.40 on January 27, 2023, has now surpassed Rs 150 stage, as of January 29, 2024. This means an funding of Rs 1,00,000 within the firm a yr in the past would have changed into practically Rs 2.2 lakh immediately.
