This multibagger iron & steel company receives full ISI marking range with BIS License!
The company has delivered returns of 24.7 per cent over the past 1 year and stellar returns of 229 per cent over the last 3 years.
Welspun Corp Ltd, a flagship company of the Welspun Group, is a leading global manufacturer of large diameter pipes. Their high-grade line pipes cater to diverse offshore and onshore transmission needs for oil, gas and water. The company ranks among the world's largest welded line pipe manufacturers.
On June 15, 2023, Welspun Corp Limited announced that its subsidiary, Welspun DI Pipes Limited, has obtained the BIS license for 1200DN K7, K8, and K9, covering the full range of 80-1200DN for ISI marking. Mr. Vipul Mathur, Managing Director and CEO of Welspun Corp Limited, expressed pride in being one of the few players in the domestic market with a license for the complete range of DI pipes.
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He also highlighted the steady ramp-up of their DI production and their commitment to providing high-quality ductile iron pipes across India, supporting honourable Prime Minister’s vision of ‘Har Ghar, Nal Se Jal’.
The company has delivered returns of 24.7 per cent over the past 1 year and stellar returns of 229 per cent over the last 3 years. Additionally, the company has a dividend yield of 1.88 per cent.
On Thursday, the shares of the company plunged by 1.46 per cent to Rs 266.45.
Investors should keep a close eye on this buzzing stock.