WPIL maintains 'high' consistency
By
Research Desk
about 10 years ago
WPIL has been hitting record new highs every day, since the 8th of Sept and today too, it has hit a new high at Rs.588.80.
The reason for the consistent new highs since 8th is the agenda of the Board meeting scheduled for today – to consider further issue of securities and making loans, investments and guarantees.
The company is into manufacture of pumps and providing pumping systems to its target markets of Power, Industry, Municipal and Irrigation and simultaneously build new business domestically and internationally. The company had ended Q1FY15 with a 61% jump in net profit at Rs.3 crore on a 22% rise in net sales at Rs.52 crore.