Welspun Corp holds gains past midday as record order book draws analyst confidence
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Welspun Corp shares traded higher on Monday after the company reported Q2FY27 revenue of ₹46.4 billion.
- ✓Analysts kept a positive view, noting the firm’s record order book of ₹500 billion.
- ✓While the stock got a surveillance tag, many investors feel confident as the pipe-maker continues to expand its global footprint.
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- MARKET
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- India Economy
On the results front, Welspun Corp reported Q2FY27 consolidated revenue of ₹46.4 billion, up 14% sequentially, while EBITDA rose 5% quarter-on-quarter to ₹7.3 billion
Shares of Welspun Corp were trading higher on Monday afternoon, holding on to modest gains after the pipe-maker posted its second-quarter results on Friday, the last trading session.
On the NSE, the stock was at ₹2,355.40, up ₹13.80 or 0.59 per cent, as of 1.44 pm, after touching an intraday high of ₹2,375.70.
The counter saw traded volume of nearly 6.99 lakh shares, translating to a turnover of ₹161.36 crore.
The stock has surged nearly 194 per cent year-to-date and 143 per cent over the past twelve months, though it remains well below its 52-week peak of ₹2,900 hit on September 29.
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