Welspun India falls 2.5% on block deal

Welspun Living

23/03/2023 08:38

** Shares of Welspun India  WLSP.NS  fall as much as 2.5% to
65.2 rupees
    ** About 4.1 million shares change hands in a block deal as
of 1:28 p.m. IST, at 65.50 rupees apiece, as per Refinitiv data
    ** If trends hold, co on track for second consecutive
session of loss
    ** Trading volume at 4.7 million shares as of 2:00 p.m. IST,
6.8x the 30-day avg - Refinitiv data
    ** Stock trading below 50-, 100- and 200-day simple moving
averages since Jan. 3
    ** Average rating of 6 analysts close to equivalent of 'buy'
with median PT of 77 rupees - Refinitiv data
    ** Stock down ~13% so far this year, as of last close

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))