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Welspun Corp: What could drive the stock over the next 5 years
The brief
- Welspun Corp has rallied 221%; its order book, US and Saudi opportunities, earnings outlook and valuation may drive the stock
- Welspun Corp investors will watch order growth and overseas opportunities against the sharp rally
- Indian stock market slides, but 28 Nifty 500 stocks hit fresh 1-year highs this week; MCX, PVR Inox among them
- Engineers India among 7 stocks hitting 52-week highs; shares rallied up to 25% in a month
- Stocks making the biggest moves midday: PB Fintech, Welspun Corp, Meesho, and more
- Welspun Corp long-term story; PB Fintech faces business model reset: Siddhartha Khemka
- Welspun Corp hits record high, PB Fintech rebounds; Ola Electric, Meesho fall on Nifty500 market open
Welspun Corp's order book and growth prospects
Welspun Corp’s order book rose to ₹45,000 crore, with CEO Vipul Mathur citing expected growth in data-centre demand. The company’s US and Saudi opportunities, earnings outlook and valuation were identified as potential stock drivers after shares rallied 221%.
Thursday, 1 October
- Welspun Corp: What could drive the stock over the next 5 years