WELCORP

Indian stock market slides, but 28 Nifty 500 stocks hit fresh 1-year highs this week; MCX, PVR Inox among them

• Nifty 50 fell 0.88% over the week, its biggest decline since 2020
• 28 Nifty 500 stocks reached fresh one-year highs despite the wider sell-off

Engineers India among 7 stocks hitting 52-week highs; shares rallied up to 25% in a month

• Engineers India, Welspun Corp and Zydus Lifesciences touched fresh 52-week highs on Friday
• The seven stocks rallied up to 25% in a month
• Fresh highs put Engineers India, Welspun Corp and Zydus Lifesciences in focus for investors

Welspun Corp’s US subsidiary wins ₹4,000 crore pipe order, lifting order book to $4.7 billion

• US subsidiary secured an HFIW pipe order worth about $412.5 million, or ₹4,000 crore
• Global order book rose to a record $4.7 billion
• Welspun shares gained over 5% and hit a 52-week high of ₹2,837.50
• The record order supports revenue visibility for Welspun Corp and its steel-pipe business

Welspun Corp long-term story; PB Fintech faces business model reset: Siddhartha Khemka

• Welspun Corp’s strong order wins support its long-term growth story
• PB Fintech faces a business model reset
• Welspun Corp’s order outlook supports the stock; PB Fintech faces uncertainty around its business model

Welspun Corp hits record high, PB Fintech rebounds; Ola Electric, Meesho fall on Nifty500 market open