WPIL Ltd (BOM: 505872) Shares Tumble Over 3.5%, Breaching 400 INR Mark
Mumbai: Shares of WPIL Ltd (BOM: 505872) witnessed a significant decline in morning trading on the Bombay Stock Exchange (BSE) on Thursday, April 4th. The stock fell sharply, breaching the psychological 400 INR level.
As of 10:22 am IST, WPIL Ltd was trading at 400.05 INR. This represents a substantial drop of 15.10 INR, or 3.64%, compared to its previous closing price of 415.15 INR.
The stock opened the session slightly higher at 415.75 INR and even touched a day’s high of 417.50 INR shortly after. However, sustained selling pressure pushed the price steadily downwards, hitting a day’s low of 397.10 INR before recovering marginally to its current level near the 400 mark.
From a financial perspective, WPIL Ltd currently holds a market capitalization of 3.90 Thousand Crore INR. The stock trades at a Price-to-Earnings (P/E) ratio of 20.13 and offers a respectable dividend yield of 1.00%.
Looking at the broader timeframe, today’s price places the stock significantly below its 52-week high of 768.00 INR. However, it remains above its 52-week low of 330.00 INR. Market participants are closely monitoring the stock following this notable downward move.
