India's Welspun Corp up on $105 mln order win

Welspun

22/04/2024 06:30

** Shares of pipe maker Welspun Corp  WGSR.NS  rise 4.6% to
552.90 rupees
    ** Co gets multiple line pipe orders worth 8.72 billion
rupees (nearly $105 million) since last disclosure on March 22
    ** WGSR on track to snap four day losing streak
    ** Stock had lost ~6% in March-qtr after posting three
straight quarterly gains 
    ** More than 454,000 shares change hands, nearly same as the
30-day avg 
    ** Stock up ~1% YTD, had more than doubled in 2023 for best
yearly gains since 2009



($1 = 83.4175 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))