Welspun Corp shares surge 230% YTD: Should investors buy this multibagger stock ahead of Q2 results? Experts suggestion
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Welspun Corp shares surged 230% YTD, hitting an intraday high of ₹2,630.10 on Friday, 16 October.
- ✓Experts said the company has strong fundamentals, but valuations now look stretched.
- ✓Ravi Singh noted, "Fresh investors should avoid chasing the rally and wait for a meaningful correction towards ₹2,015," before buying this multibagger stock.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Welspun Corp shares have delivered stellar returns this year, surging more than 200% year-to-date (YTD), defying weak stock market sentiment amid higher crude oil prices, rising bond yields, and massive foreign capital outflow.
As per current BSE data, Welspun Corp share price is up almost 230% YTD, while in the last one year, it has gained nearly 215%. On longer timeframes of 3 years, 5 years, and 10 years, the stock has soared nearly 490%, 1,670%, and 3,575%, respectively, delivering strong multibagger returns.
In intraday deals on Friday, 16 October, Welspun Corp shares jumped nearly 6% to an intraday high of ₹2,630.10. The multibagger stock hit a 52-week high of ₹2,899.95 on 29 September after hitting a 52-week low of ₹709.75 on 2 February this year.
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