India's Welspun touches record high after bagging fresh orders
BUZZ-India's Welspun touches record high after bagging fresh orders ** Shares of Welspun Corp Ltd WGSR.NS up about 3.8% to a record of 1,672.80 rupees apiece--on track for fourth straight session of gains
** The line pipe maker receives fresh orders for supply of pipes for oil and gas export projects from its India facility, cumulatively valued at about 14 billion rupees ($145.64 million)
** New order addition brings co's consolidated global order book to 236.5 billion rupees
** Order book scheduled for execution over FY27 and FY28
** The stock's F12M PE at 20.83 vs industry median of 15.26--LSEG-compiled data
** RSI at 73.7, indicating stock in overbought category, according to LSEG data
** YTD, stock up 105.05%
($1 = 96.1300 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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Brief: Welspun Corp Unit Secures Largest-Ever HFIW Pipe Order Valued At USD 412.5 Million