India's Welspun Corp surges on Q1 profit rise

Welspun

29/07/2025 10:56

** Shares of Welspun Corp WGSR.NS jump as much as 7.6% to 929 rupees

** Stock marks biggest intraday pct gain since May 29

** Pipe maker posts a 41% Y/Y rise in June-qtr profit; rev from ops rises 13.2% Y/Y

    ** Stock was up 3% ahead of results, boosted by a 7.35 bln rupees ($84.64 mln) order upsizing

** More than 1.7 million shares traded, 2.5x the 30-day moving avg

** WGSR rated "strong buy" by 4 analysts on average; median target price is 993 rupees – data compiled by LSEG

** Stock up 13.3% YTD

($1 = 86.8420 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))