{"id":145749,"date":"2025-03-05T11:17:34","date_gmt":"2025-03-05T05:47:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145749"},"modified":"2025-03-05T11:17:37","modified_gmt":"2025-03-05T05:47:37","slug":"steel-stock-hits-5-upper-circuit-after-receiving-order-worth-232-cr-from-bhel","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-hits-5-upper-circuit-after-receiving-order-worth-232-cr-from-bhel\/","title":{"rendered":"Steel stock hits 5% upper circuit after receiving order worth \u20b9232 Cr from BHEL"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1022783813\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1440057437\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Price Movement:<\/strong><\/h2><p>With a market capitalization of Rs. 2,077.95 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/REMIMETAL\" target=\"_blank\" rel=\"noreferrer noopener\">Welspun Specialty Solutions Limited<\/a><\/strong> 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.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened:<\/strong><\/h2><p>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.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Products offering:<\/strong><\/h2><p>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.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1479773828\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Sales Volume:<\/strong><\/h2><p>In Q3 FY25, the company\u2019s 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.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent quarter results:<\/strong><\/h2><p>Welspun Specialty Solutions Limited&#8217;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\u2019s 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.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By &#8211; Nikhil Naik<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-2459646918\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":93347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,2597,27350,19866,19867,19865,20115],"class_list":["post-145749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-welspun-specialty-solutions","tag-welspun-specialty-solutions-latest-news","tag-welspun-specialty-solutions-order-from-bhel","tag-welspun-specialty-solutions-share-price","tag-why-is-welspun-specialty-solutions-share-price-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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