Welspun India hits over 1-year high on strong growth prospects

Welspun Living

01/08/2023 09:22

** Shares of Welspun India  WLSP.NS  up as much as 5.75% at
115.95 rupees, their highest since Feb. 18, 2022
    ** Stock set for second consecutive session of gains if
trends hold
    ** Arihant Capital expects co's topline to expand 10-12%
with 15% EBITDA margins in FY25 
    ** Antique raises its earnings estimate for FY24/25 by
10%/2%, citing optimistic margin, demand outlook; cuts PT to 129
rupees from 108 rupees 
    ** Four of six brokerages rate stock "buy" or above, two
"hold;" median PT is 110 rupees - Refinitiv
    ** About 13.3 million shares change hands as of 1:29 p.m.
IST, 3.7x 30-day average of 3.6 million shares 
    ** Stock up ~42% this year, as of last close
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))