India's Welspun Corp rises on $73 mln order win

Welspun

24/04/2024 09:37

** Shares of pipe maker Welspun Corp  WGSR.NS  up 2.2%
    ** Stock rose as much as 4.5% to day's high of 586.55 rupees
    ** Co receives letter of award worth 6.11 bln rupees ($73.4
mln) for the supply of LSAW pipes, along with coating and bends,
in the Latin American region
    ** The execution of this contract shall be done in FY25 -
Welspun 
    ** Stock on track for a third consecutive session of gains,
if trend holds
    ** More than 975,000 shares change hands by 2:01 p.m. IST,
1.9x the 30-day avg
    ** Including session's gain, stock is up 4.6% YTD 


($1 = 83.2876 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))