Sharekhan recommended Hold rating on Welspun India with a target price of Rs 90 in its research report dated November 09, 2022.

Its revenue from operations slipped 15.04 per cent to Rs 2,113.46 crore during the quarter under review. It was Rs 2,487.63 crore in the year-ago period.The company's total expenses in the September quarter fell 4.29 per cent to Rs 2,122.85 crore.

B.K. Goenka, Chairman, Welspun Group, said, “We have delivered a relatively healthy operating performance in the face of an unusually tough macroeconomic environment characterised by unprecedented high input costs, rising inflation, and subdued consumer sentiments. During the quarter under review, our Domestic Retail business.

The company had posted a consolidated net profit of Rs 222.90 crore in the April-June quarter a year ago, Welspun India said in a regulatory filing.

Ranked as world's largest home textile supplier. Potential Multibagger!! There is divergence in RSI on weekly and Stochastics is hitting the floor on monthly. Sales declined since SEP 2021 with decline in OPM%. A decline of more than 63% shows price has already factored in these fundamental aspects. Net profitability has increased by 11.3% Key support level is at 57 so its good to accumulate around this level. Stop loss @ 45 Short term swing target @ 90 (57% ROI with 2.75 R:R) Medium …

Sharekhan is bullish on Welspun India has recommended buy rating on the stock with a target price of Rs 105 in its research report dated May 10, 2022.

Stocks that were in focus include names like Indiabulls Housing Finance which plunged more than 20 per cent, Welspun India plunged more than 17 per cent, and Cam Fin Homes was down more than 4 per cent on Wednesday.

In the Nifty pack, 18 stocks closed in the green, while 32 stocks ended in the red.

In the Nifty50 index, 18 stocks closed in the green, while 32 stocks ended in the red.

The Nifty Pharma index closed 0.31 per cent down at 12557.65.

The Nifty Realty index closed 0.73 per cent up at 393.95.

The Nifty IT index closed 1.24 per cent down at 30050.25.

Welspun India Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6432.26 Crore) operating in Textiles sector.

In the Nifty pack, 12 stocks were trading in the green, while 38 stocks were trading in the red.

Welspun Indias scrip slumped to a low of Rs 70.30 as against the previous close of Rs 77.05 on the BSE.

In the Nifty 50 index, 20 stocks were trading in the green, while 30 stocks were trading in the red.

In the Nifty50 index, 18 stocks were trading in the green, while 32 stocks were in the red.

The Nifty Realty index was trading 0.01 per cent down at 391.05.

The company had posted a consolidated net profit of Rs 134.34 crore in the same quarter of previous fiscal, Welspun India said in a regulatory filing.

Sharekhan is bullish on Welspun India has recommended buy rating on the stock with a target price of Rs 130 in its research report dated April 11, 2022.

As part of the pledge, Welspun India will strive to achieve net-zero emissions by setting up a target aligned with the SBTi NetZero Framework, the company said in a regulatory filing.

Indian firms such as Delphi Leather India, Mahi Exports, Touchstone Gems & Jewelry and Welspun are among those already growing on Walmart Marketplace.

Reliance Industries-ACRE and Welspun Group unit Easygo Textile Pvt Ltd are the two highest bidders among the four firm offers that lenders have received for the textile-cum-yarn making company.

Welspun India Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 14035.37 Crore) operating in Textiles sector.

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