Support and Resistance Levels
Past performance
About Walchand Peoplefirst Ltd Walchand Hindusthan (WHL), originally known as Premier Construction and founded in 1920, is part of the historical Walchand Hirachand group. Initially focused on construction and leasing, WHL has evolved to become a significant player in the financial services sector. The company has pivoted from fund-based to fee-based activities, aiming to establish itself as a full-fledged investment banker. It offers services such as risk assessment, corporate restructuring, and advice on mergers and acquisitions. WHL has received Category I Merchant Banker status from SEBI, underscoring its commitment to expanding its financial services portfolio.
Hindustan Construction (HCC) holds a 51% stake in WHL, which was secured via a preferential issue. WHL has two subsidiaries—Hindustan Construction and Vikhroli Metal Fabricators. The company has undergone structural changes, transferring certain assets and liabilities to other entities as part of a strategic realignment. WHL's ongoing strategy focuses on maintaining its position as a leading financial service provider while exploring opportunities for diversification.