BSE 500 Stock With Diversified Business: 100% Dividend Upcoming, Record Date Out; Is IT A Good Pick?

Welspun Corp is a multinational corporation that operates a variety of businesses in industries such as steel, infrastructure, home textiles, and line pipes. Welspun, an international leader in line pipes and home textiles, has operations in more than 50 countries and its headquarters are in Mumbai, India. The large-cap stock that is part of the BSE 500 index has announced the date of its next 100% dividend, and an analyst has noted that it has huge volumes bolstering the upward trend; the short-term trend is still solidly favourable.

Welspun Corp Dividend

"Based on your Company's performance, the Board has recommended dividend of Rs 5 (100%) per equity shares of the face value of Rs 5 each for the year ended March 31, 2025 in accordance with your Company's Dividend Distribution Policy. The dividend, if approved by the Members, would involve a cash outflow of Rs 131.17 Crore (Rs 131.11 Crores in previous financial year)," Welspun Corp said in a stock exchange filing.

Welspun Corp Dividend Record Date

"The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, July 19, 2025 to Thursday, July 31, 2025 (both days inclusive) for the purpose of payment of dividend, if any, approved by the Members. The Record Date for the purpose of payment of Dividend will be Friday, July 18, 2025. Subject to the provisions of the Act, dividend as recommended by the Board, if approved at the AGM, will be paid subject to deduction of tax at source, wherever applicable, to those Members or their mandates, whose names are registered in the Company's Register of Members: a. as Beneficial Owners as at the end of the business hours on Friday, July 18, 2025 as per the lists to be furnished by NSDL and Central Depository Services (India) Limited ("CDSL") in respect of the equity shares held in electronic form; b. whose names appear as Members in the Register of Members of the Company in physical form which are maintained with RTA on Friday, July 18, 2025," Welspun Corp said in its annual report of FY25.

Welspun Corp Share Price Target

"Welspun Corp has shown strong momentum, breaking above key resistance levels in recent sessions. The next resistance is seen near ₹970-₹980. Support is placed at ₹910. The stock remains bullish, and a breakout above ₹980 could open the way toward ₹1,020-₹1,050. Short-term trend remains firmly positive with volumes supporting the up move," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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