Multibagger Metal Stock Bags 117 Cr Order From BHEL, Shares Gain 11.60%

Welspun Specialty Solutions Ltd shares gained 11.60% in trade on Monday after it bagged Rs 117 crore order from Bharat Heavy Electricals Limited (BHEL) on June 23, 2024. Current market price of Welspun Specialty Solutions share on BSE is Rs 42.22 per share. Welspun Specialty Solutions shares offered return of 59% in last 1-year and 170% in last 2-years. Check details below:

Welspun Specialty Solutions Receives Order From BHEL: As per the BSE filing of Welspun issued as on June 24, 2024, "We are pleased to inform that Welspun Specialty Solutions Limited (WSSL) has been notified as L1 bidder by Bharat Heavy Electricals Limited (BHEL, Trichy) for supply of Seamless stainless steel Boiler Tubes for National Thermal Power Corporation (NTPC) Talcher 2 x 660 MW Super critical Thermal Power Project."

WSSL had participated in the said tender after stringent assessment and subsequent approval by both BHEL & NTPC. The total supply contract value will be ~Rs. 117 Crores (including GST), added the regulatory filing.

Welspun Specialty Solutions Share Performance: Welspun Specialty Solutions shares offered return of 10.84% in last 1-week, gained 24% in last 3-months, soared 182% in last 3-years, and jumped 205% in last 5-years. The 52-week high price of Welspun Specialty Solutions shares on BSE is Rs 46.03 per share (as on 25/01/2024) and 52-week low price is Rs 25.85 per share (as on 23/06/2023), respectively. The company's market capitalisation stood at Rs 2238.04 crore. Its PE is 32.10 and ROE is 67.11.

Welspun Specialty Financials: The company's net sales declared at Rs 151.27 crore for the March 2024 quarter, up 9.78% as against Rs 137.80 crore in March 2023. Its quarterly net profit declared at Rs 40.03 crore for the quarter ended March 2024, up 396.65% as against Rs 8.06 crore in March 2023. EBITDA of the company stood at Rs 17.21 crore for March 2024 quarter, down 18.32% as against Rs 21.07 crore announced in March 2023. The company's EPS stood at Re 0.76 for the quarter under review from Re 0.15 in March 2023.

Welspun Specialty Solutions About: Welspun Specialty Solutions Limited is engaged in manufacturing of steel and steel products. It is a multi-product manufacturer of billet, bloom, ingot, rolled bar, bright bar and seamless pipes and tubes, among others.

Disclaimer: The stock highlights the order from BHEL and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.