Global cues mixed; Wall Street ends higher, Asian Markets trade under pressure. GIFT Nifty suggests a lower start for the Indian market. 

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About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here

Market Opening Bell LIVE | Indices Open Flat; Tata Steel, Welspun Corp, RPP Infra In Focus

Voltas, Welspun Corp.HDFC Bank’s weightage in FTSE Emerging All Cap Index to increase from 0.81% to 1.52% in 3 tranches. Qatar Investment Authority acquires 2.7% stake in Adani Green Energy for Rs 3,956 cr. Inox Wind promoter entity to offload Rs 500 cr stake in block deal. BEML Ltd receives Rs 3,17…

Stocks to watch today: August 8, 2023

Welspun Corp Ltd is one of the world’s leading welded line pipe manufacturers and the flagship company of the Welspun Group.

Welspun Corp reports Rs 168 crore net profit in Q1

StockEdge identified 29 overbought stocks with a bearish RSI trend, out of which 10 were handpicked by ETMarkets. RSI values above 70 are deemed overbought and below 30 oversold. The Relative Strength Indicator assesses momentum and potential overbought or oversold conditions based on the calculatio…

PNB, Welspun Corp among 10 overbought stocks with bearish RSI

Shares of Piramal Enterprises will turn ex-dividend. This company announced a final dividend of Rs 31 per share. Today is also the record date for the same. The dividend will be paid on July 30.

HDFC Life, PFC, Piramal Enterprises, Welspun Corp shares to turn ex-dividend; Wipro share buyback & more

Welspun Corp, the flagship company of the Welspun Group, is one of the largest manufacturers of large-diameter pipes globally with a presence in 50 countries.

Welspun Corp shares at Rs 549? Here’s why brokerages see the stock as a multibagger in making

For the fiscal year 2024, Welspun Corp aims to achieve a topline of Rs 15,000 crore, representing a strong growth of around 50 percent. Furthermore, its target for EBIDTA stands at Rs 1,500 crore, growth of around 90 percent. It also aims to significantly improve their ROCE to 16 percent or higher f…

Welspun Corp up 9% in 2 days as D-Street cheers FY24 guidance

Welspun Corp Ltd (WCL) posted an 8.90 per cent decline in its consolidated net profit to Rs 240.08 crore for the January-March quarter, hit by higher expenses.

Welspun Corp net profit falls 8.90% to Rs 240 cr in March quarter

The company’s total income rose to Rs 4,132.38 crore, from Rs 2,413.48 crore in the year-ago quarter.

Welspun Corp Q4 net profit falls 8.90% to Rs 240 cr

Stocks to watch out for today: SBI, Coal India, Adani Ports, Suzlon Energy, Patanjali Foods, Torrent Pharma, Welspun Corp and more

SBI, Coal India, Adani Ports, Suzlon Energy among stocks to watch out for today

The share touched a 52-week high of Rs 298.35 and a 52-week low of Rs 177.85 on September 22, 2022 and February 27, 2023, respectively.

Welspun Corp shares up 5% despite muted profit in Q4; board recommends 100% dividend

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Welspun Corp Limited is a diameter line pipe company, engaged in the business of production and coating of submerged arc welded pipes, hot rolled steel plates and coils, and power generation.

Welspun Corp Ltd