This small-cap steel stock engaged in manufacturing high-quality alloy and stainless steel products for various industrial applications globally, hit a 5 percent upper circuit after receiving an order worth Rs. 232 crore from Bharat Heavy Electricals Limited
Stock Price Movement:
With a market capitalization of Rs. 2,077.95 crores, the shares of Welspun Specialty Solutions Limited hit a 5 upper circuit of Rs. 31.48 per share on Wednesday, up from its previous closing price of Rs. 29.99 per share. Since then, the stock has retreated and is currently trading at Rs. 31.36 per equity share.
What Happened:
Welspun Specialty Solutions Limited (WSSL) has been selected as the lowest (L1) bidder by Bharat Heavy Electricals Limited (BHEL, Trichy) for supplying around 4,050 tons of stainless steel seamless boiler tubes for a consideration of Rs. 231.77 Crores. These tubes will be used in multiple supercritical thermal power projects.
Products offering:
Welspun Specialty Solutions makes a variety of steel products, including billets, ingots, bars, tubes, pipes, and hollow profiles. The company also offers hot-rolled and cold-rolled steel in different grades.
Sales Volume:
In Q3 FY25, the company’s SS Bars sales reached 5,033 MT, a 28.36 percent increase from 3,921 MT in Q3 FY24. Meanwhile, SS Pipes sales stood at 1,086 MT in Q3 FY25, reflecting an 8.20 percent decline compared to 1,183 MT in Q3 FY24. The SS Bars segment showed strong growth, while SS Pipes saw a drop.
Recent quarter results:
Welspun Specialty Solutions Limited’s revenue has increased from Rs. 174.75 crore in Q3 FY24 to Rs. 194.05 crore in Q3 FY25, which has grown by 11.04 percent. The company’s net profit has turned negative, from a profit of Rs. 6.10 crore in Q3 FY24 to a net loss of Rs. -3.60 crore in Q3 FY25.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
