India's Welspun Enterprises rises on unit getting 1.6 bln-rupee contract

Welspun Enterprises

22/08/2024 10:50

** Shares of Welspun Enterprises  WELS.NS  rise 2.1% to
579.10 rupees
    ** Engineering co's unit gets contract worth 1.60 billion
rupees ($19.1 million)
    ** Stock on track for second straight session of gains
    ** Close to 300,000 shares traded - 0.8x the 30-day avg vol
- in stock's busiest session this week
    ** WELS up ~77% YTD, had jumped ~106% last year in fourth
straight year of gains

($1 = 83.9280 Indian rupees)

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