India's Welspun Living jumps most in over 5 months after Q2 profit surge

Welspun

25/10/2023 11:24

** Shares of household textile maker Welspun Living
 WLSP.NS  settle 11.2% higher at 142.2 rupees, their biggest
one-day jump since May 2     
    ** WLSP's Q2 profit jumps to 1.97 bln rupees ($23.68 mln)
from 86.7 mln rupees y-o-y on strength in its mainstay home
textile business 
    ** Co showed resilience on domestic front during Q2 despite
weak retail market sentiments - WLSP 
    ** WLSP says entering into a joint venture to provide 47MW
of solar and wind energy at Anjar facility in Gujarat state by
2026     
    ** More than 30 mln shares traded, 12.7x their 30-day avg
    ** Including day's gains, stock up 84%.4 YTD 

($1 = 83.1775 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))