Walchandnagar Industries Ltd. (WALCHANNAG) Dipped -0.62% on Nov 18

November 18, 2017 - By Vivian Currie

Shares of Walchandnagar Industries Ltd. (NSE:WALCHANNAG) last traded at 208.15, representing a move of -0.62%, or -1.3 per share, on volume of 354,027 shares. After opening the trading day at 210.95, shares of Walchandnagar Industries Ltd. traded in a close range. Walchandnagar Industries Ltd. currently has a total float of 38.07 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 131.1 and high of 248.4.

BSE & NSE: Driving Indian Economy

The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), the two primary stock exchanges in India representing 4% of the national gross domestic product (GDP), are among the world’s fastest growing and highly anticipated stock exchanges. This indicates that India is a thriving nation that will soon become one of Asia’s best assets.

The 1st Asian Stock Exchange

Established in 1875, the BSE is the first ever stock exchange in India and in Asia. In India, it is the first entity to acquire permanent acknowledgement under the Securities Contract Regulation Act of 1956.

More than a hundred years following its foundation, the BSE is now recognized as the 11th largest stock exchange in the world. The BSE has a market valuation of $1.70 trillion as of January 23, 2015. Moreover, it is also one of the fastest stock exchanges in the world, boasting with a six-microsecond speed.

Measuring the 30 most active stocks on the BSE is the SENSEX 30, which has a base value of 100 with its base date being 1978 to 1979. Companies are tracked based on certain factors such as depth, liquidity, market capitalization, among others.

On July 25, 1990, the BSE first recorded a four-digit figure. When the Bhartiya Janta Party won in the General Elections, the BSE first recorded a 5,000 figure on October 11, 1999. On February 6, 2006, it first recorded a 10,000 figure. On December 11, 2007, it first recorded a 20,000 figure. On March 4, 2015, it first recorded a 30,000 figure.

However, the BSE is not all about those feats. Like any other stock exchanges, it also had its worst days.

In January 2008, the BSE had recorded its biggest fall, losing over 2,000 points in just two consecutive sessions. In August 2015, it had also recorded a huge one-day decline, dropping more than 1,700 points after the Chinese equity market had fallen almost 9%. China is the biggest Asian economy, which is why all Asian markets also suffered from its own downturn. Walchandnagar Industries Ltd. is a stock traded on the Indian stock exchange.

The 1st Electronic Indian Stock Exchange

Founded in 1992, the NSE also takes pride in being a ‘first” it is the first stock exchange in India with electronic capabilities. Currently, Indian Index Services and Products (IISP) own and operate it, supporting roughly 230,000 terminals throughout the country.

Weighing the 50 most active stocks on the NSE is the NIFTY, which has a base value of 1,000 with its base date being 1995. Like BSE stocks, NSE stocks are also measured based on different factors such as market capitalization. Walchandnagar Industries Ltd. has relatively good liquidity.

The NIFTY represents a broader aspect of the corporate sector of India than the SENSEX 30. Regardless, both indices are reliable indicators of the whole Indian economy and national growth prospects as well.

The Asian economy is full of promising potentials. With India being one of the drivers pushing it to the global footprint, it is only reasonable to invest in BSE and NSE stocks today. Professional analysts might be interested how this will affect Walchandnagar Industries Ltd..

Another recent and important Walchandnagar Industries Ltd. (NSE:WALCHANNAG) news was published by Economictimes.Indiatimes.com which published an article titled: “Walchandnagar Industries surges over 10% on reports of KKR investing in co” on May 08, 2017.

Walchandnagar Industries Limited is a heavy engineering and project execution company. The company has market cap of INR7.92 billion. The Company’s divisions include Heavy Engineering; Foundry and Machine Shop, and Others. It currently has negative earnings. The Heavy Engineering segment is engaged in engineering, fabrication and manufacturing of machinery for sugar plants, cement plants, boilers and power plants, industrial and marine gears, mineral processing and engineering, procurement, construction (EPC), petro-chemicals and space, defense and nuclear power business.

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