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Order win▲ Bullish for Welspun Corp
Welspun Corp’s US subsidiary wins ₹4,000 crore pipe order, lifting order book to $4.7 billion
The brief
- 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
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| WELCORP | Fri, 25 Sept | +5.2% | +4.9% | 1.1× | +5.2% · Nifty +0.3% |
✓ Classifier read this as positive; WELCORP rose 4.9% against the Nifty on the day it traded.
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