{"id":64275,"date":"2022-09-20T15:31:00","date_gmt":"2022-09-20T10:01:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=64275"},"modified":"2022-09-20T15:29:00","modified_gmt":"2022-09-20T09:59:00","slug":"stock-jumps-8-5-and-touches-12-year-high-after-receiving-a-huge-order","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-8-5-and-touches-12-year-high-after-receiving-a-huge-order\/","title":{"rendered":"Stock jumps 8.5% and touches 12 year high after receiving a huge order"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-869860466\"><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>The shares of Welspun Corp Ltd. touched a 12-year high of \u20b9 281.30 apiece on Tuesday\u2019s early trades. The multibagger stock advanced 8.5% in two days as it secured a significant order for a Carbon Capture Pipeline project in the United States, as per a regulatory filing.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2874868159\"><!-- 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><p>As per the shareholding pattern for June, the Life Insurance Corporation of India (LIC), held 1,53,62,312 equity shares or 5.89 per cent stakes in Welspun Corp.&nbsp;<\/p><p>The company in a regulatory filing said that the order is for the supply of 785 miles (1,256 KM) or 100,000 MT (approximately) of High-Frequency Induction Welding (HFIW) pipes, and would be used for transporting captured carbon dioxide. The pipes will be produced from the Little Rock plant in the US and the order will be executed in FY 23\u201024. However, it did not mention the estimated value of the order.&nbsp;<\/p><p>\u201cThis large strategic order once again reflects our strong culture of engineering excellence and the trust customers have in our capabilities to execute large\u2010scale projects, both in terms of supplying impeccable quality and for on\u2010time deliveries,\u201d the company said.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1977914508\"><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><p>It added that this project is a big leap forward for the company in strategically meeting its environmental, social, and governance (ESG) goals, as it would reduce emissions in the environment.&nbsp;<\/p><p>The company\u2019s shares have been on an uptrend for the last six months and have zoomed 83%. In the last year, the shares gave multibagger returns of 124.25%.&nbsp;<\/p><p>Welspun Corp, a Mumbai-based company is the second largest manufacturer of diameter pipes in the world. The flagship company of the Welspun group is a one-stop service provider offering end-to-end pipe solutions.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-734978436\"><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>The shares of Welspun Corp Ltd. touched a 12-year high of \u20b9 281.30 apiece on Tuesday\u2019s early trades. The multibagger stock advanced 8.5% in two days as it secured a significant order for a Carbon Capture Pipeline project in the United States, as per a regulatory filing.&nbsp; As per the shareholding pattern for June, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3912,3153,4178,4183,3157,3158,3853],"class_list":["post-64275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-stock-to-watch","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-at-all-time-high"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 8.5% and touches 12 year high after receiving a huge order - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-8-5-and-touches-12-year-high-after-receiving-a-huge-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 8.5% and touches 12 year high after receiving a huge order\" \/>\n<meta property=\"og:description\" content=\"The shares of Welspun Corp Ltd. touched a 12-year high of \u20b9 281.30 apiece on Tuesday\u2019s early trades. 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