Welspun Corp shares hit record high; co clarifies on stock price movement
Shares of Welspun Corp Ltd (WCL) scaled their all-time level in Friday’s trade, continuing the strong upward move for fifth straight session. The stock climbed 3.37 per cent to hit Rs 925.20. Last checked, it was up 3.22 per cent at Rs 923.80, gaining 20.68 per cent in the past five sessions.
Bourses BSE and NSE have sought clarification from Welspun Corp following the share price rise. The company, in response, said, “We hereby clarify that there is no unpublished price-sensitive information/event that has become due for disclosure to the stock exchanges in terms of Regulation 30 of the Sebi Listing Regulations. The movement in the volume of shares of the company is market driven.”
On the earnings front, Welspun Corp recorded over…
