News for Welspun India Limited (WELSPUNIND.BO)

The NSE Nifty index was trading 57.96 points up at 25110.3

The Nifty Pharma index was trading 0.23 per cent down at 22936.5.

Benchmarks pared initial losses after starting lower on Monday following new allegations by US-based short-seller Hindenburg Research

Indian blue-chip equity indices reversed their earlier gains and closed lower on Tuesday, contrasting a broadly positive global momentum, dragged by profit booking with analysts citing valuation concerns and global uncertainties as factors denting sentiment.

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty formed a small-bodied candle after a bearish engulfing pattern, hinting at a temporary pause in the market. The Relative Strength Index indicates a potential shift towards bearish sentiment. The 24,550 level is a crucial resistance, with a breakthrough potentially sparking a significant rally.

Nifty closed unchanged on Thursday, but its price action formed an Inside Bar pattern, signaling potential volatility. This pattern, combined with the index finding support at the 10-day exponential moving average (EMA) after two sessions, suggests a short-term upward trend, according to technical analysts.

Welspun Living Limited (WLL), previously Welspun India Limited, has launched a project — Wel-Krishi — to encourage sustainable cotton cultivation by providing support and training to farmers to raise their income through higher productivity and lower income costs.

Jul 28, 2021 / 11:00AM GMTOperator Ladies and gentlemen, good day, and welcome to the Welspun India Q1 FY '22 Conference Call hosted by Edelweiss Securities Lim

Aug 07, 2023 / 04:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Q1 FY '24 Results Conference Call of Welspun Corp Limited, hosted by Emkay

May 31, 2023 / 04:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Q4 FY '23 Results Conference Call of Welspun Corp Limited, hosted by Emkay

The 30-share BSE Sensex fell 156 points or 0.24 per cent to trade at 65,520, while the NSE Nifty was down 44 points or 0.23 per cent to trade at 19,631.

M&M, Tata Motors, Axis Bank, Maruti Suzuki and NTPC were among the top losers on NSE.

In a secular bull market, secondary correction is a common phenomenon wherein small cap index has a tendency of correcting 12-15 per cent from swing highs, said ICICI Securities.

The IPO of Caila Pharma-backed IRM Energy was open for bidding between October 18-20. The company sold its shares in the range of Rs 480-505 with a lot size of 29 equity shares.

WLL/SEC/2023 October 25, 2023 ...

Q2 results 2023 news: Apart from the Dussehra stock market holiday, widely tracked companies such as Reliance Industries and Maruti Suzuki will declare their earnings this week.

Veteran entrep. Ashok Soota sold 1.11% stake in Happiest Minds Tech. to fund SKAN, a not-for-profit medical research firm. Saregama acquired 51.8% stake in Pocket Aces Pictures for Rs 174 cr. Cholamandalam Investment & Finance Co. launched QIP of equity shares & debentures. Godrej Properties acquired 49% stake in Godrej Skyline Dev. Welspun India changed name to Welspun Living. Alphalogic Techsys acquired 0.14% stake in Alphalogic Industries. YES Bank acquired 1.79 cr. shares of YES Securities. S. Krishnan resigned as MD & CEO of Tamilnad Mercantile Bank. Uno Minda approved acquisition of 26% stake in Minda Westport Tech. USFDA issued Form-483 with 2 observations to Piramal Pharma. Bajaj Finserv appointed Ramaswamy Subramaniam as President-Private Equity. Dr. Reddy's Labs incorporated a wholly-owned subsidiary in Jamaica. Prism Johnson's greenfield tile plant commenced trial runs. NLC India completed PPAs for 2,400 MW Talabira STPP. IHC sold holdings in Adani Group cos. ICRA applied for ESG Rating Provider license. Emami entered juice category with AloFrut. Pidilite Ventures invested Rs 20 cr in Imagimake Play Solutions. KIOCL suspended operation of Pellet Plant Unit. SBI Life Insurance appointed Amit Jhingran as MD & CEO. Godrej Agrovet entered strategic partnership with Sime Darby Plantation. Navin Fluorine Intl. MD & Director Radhesh R Welling resigned; Sudhir R Deo appointed as additional director.

Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.

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