India's Welspun Corp jumps to two-year high on $1.8 billion order win
21/08/2026 05:23
BUZZ-India's Welspun Corp jumps to two-year high on $1.8 billion order win ** Shares of India's Welspun Corp WGSR.NS jump as much as 11.89% to 2,243.70 rupees, their highest levels in two years
** The steel pipe maker secured $1.8 billion order to supply pipes from its U.S. facility, marking the largest contract in its history
** Contract, roughly one-third of co's market cap, is scheduled for execution in FY28 and FY29, and will lift company's global order book to record $4.4 billion
** WGSR rated "strong buy" on average by six analysts, median PT at 1927.50 rupees, according to LSEG-compiled data
** YTD stock up 172.96%, its highest yearly pct jump since listing in 2021
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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