The Mumbai-based multinational corporation Welspun Corp's shares nose-dived over 8 per cent in the intraday trade on Friday, May 31. This ostensible debacle came to pass on the last day of May, a day after the company released its Q4 results. The company engendered a net profit of Rs 287.28 crore in March 2024, compared to the Rs 240.08 crore net profit in the previous year.