India's Welspun Corp up 5% after six-fold rise in Q4 core profit

Welspun

31/05/2023 06:28

** Shares of Welspun Corp Ltd  WGSR.NS  rise as much as
4.92% to a near-six-month high of 254.90 rupees
    ** Uptick after steel products maker reports six-fold Y/Y
rise in core profit in March quarter to 4.21 bln rupees
 urn:newsml:reuters.com:*:nFWN37R1P9
    ** Revenue from operations more-than-doubles to 40.70 bln
rupees
    ** Trading volume is 2.15 mln shares as of 10:51 a.m. IST,
3.7 times the 30-day avg - Refinitiv data
    ** Of the 31 analysts tracking HDFL, 24 maintain "buy", four
suggest "sell" and three recommend "hold"; median TP is 650
rupees
    ** Relative strength index of the stock is 72, suggesting it
may be overbought
    
    


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))