Stock Under Rs 85 To Consider Dividend, Share Buyback, Offers 233% Return In 3-Yrs

Board of Mid cap stock operating in textile sector, Welspun India Ltd is all set to consider dividend and buyback of equity shares on April 27, 2023. The current market price of Welspun India Ltd is Rs 84.86 apiece on BSE with intraday gain of 2.17%. The stock rallied 29% in last 1-month only and delivered 233% return in last 3-years. Check details below:

Welspun India Ltd To Announce Dividend, Buyback of Shares This Week: According to the BSE filing of the board of directors of the company, "This is to inform you that in addition to financial results for the quarter and year ended March 31, 2023, the Board of Directors will, inter alia, consider the following agenda at its meeting scheduled to be held on Thursday i.e April 27, 2023. 1. Buyback of Equity Shares of the Company; 2. Recommendation of dividend for the year ended March 31, 2023."

Welspun India Ltd Stock Performance & Return: The current market price of Welspun India is Rs 84.86 per share on BSE with 52-week high price at Rs 90.00 per share and 52-week low price at Rs 62.20 per share, respectively. The company has a market capitalisation of Rs 7,677.50 crore. The stock gave return of 21% in last 3-months, 8% in last 6-months, declined 4% in last 1-year, and gave a return of 8% in last 2-years. The stock soared 45% in last 5-years and 1182% in last 10 years.

Welspun India Ltd About: Welspun Group is one of India's fastest-growing global conglomerates with businesses in Line Pipes, Home Textile Products, Infrastructure, Warehousing, Steel, Oil & Gas, Advanced textiles and Flooring solutions. With our immense global presence in over 50 countries and a strong team of over 26,000 home textile manufacturers in India spanning varied ethnicities, cultures, and geographies, it has acquired global leadership in home textile products and line pipe, according to its official website.

Disclaimer: The board of directors of the textile company will announce dividend and buyback of shares this week. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.