India's Welspun Corp hits record high after associate firm wins $361 mln orders

Welspun

18/01/2024 05:40

** Shares of Welspun Corp  WGSR.NS  rise as much as 4.6% to
hit all-time high of 596.40 rupees; last up 1.3% 
    ** WGSR's associate, East Pipes Integrated Company for
Industry (EPIC), won orders worth ~30 bln rupees ($360.8 mln) in
Saudi Arabia
    ** Stock on track for four consecutive session of gains, has
gained 9% so far this week 
    ** WGSR on track for eleventh straight month and fourth
straight qtr of gains 
    ** Stock surged more than 131% in 2023, its third
consecutive yearly rise

($1 = 83.1450 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))