India's Welspun Corp gains after Nuvama starts with 'buy' rating

Welspun

22/12/2025 09:06

** Shares of Welspun Corp WGSR.NS rises 3.3% to 803.45 rupees after Nuvama initiates coverage with "buy" rating, TP of 1,028 rupees - a 32% upside to last close

** Brokerage sees upside due to strong growth visibility across India, US and Saudi Arabia; expects 21% revenue CAGR through FY28

** Backward integration and Sintex acquisition will drive building material segment growth - Nuvama

** Stock rated as "strong buy" by 3 analysts on average

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))