
Disclaimer: This information is for educational purposes only and does not constitute any financial advice.
Welspun Corp (WELCORP) has emerged as today’s standout performer, climbing roughly 4% to ₹948 following a record rally. Trading near its 52‑week high of ₹994, the stock continues to outperform the broader market - gaining over 11% recently and surging 335% over three years .
Investor sentiment is buoyed by the company’s robust Q4 performance: net profit more than doubled, gross debt was notably reduced, and the firm achieved a net‑cash position . This financial turnaround complemented the upbeat guidance on revenue and strong order visibility, leading JM Financial to reaffirm its “Buy” rating and boost the 12‑month target to ₹980.
Despite a modest valuation - TTM P/E at ~13 vs sector average ~29 - the stock trades above key moving averages, signaling a sustained bullish trend. Technical indicators also flash a “Strong Buy” signal . With healthy ROE (~25%) and ROCE (~25%), low debt, and strategic market positioning, Welspun Corp appears primed for further upside.
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