Buzzing stocks: Reliance Ind, Hero MotoCorp, Tata Power, HPCL, BPCL, Wipro, HDFC, Jindal Stainless, Sansera Engineering, Jain Irrigation, Schneider Electric, Spandana Sphoorty Financial, Alembic Pharma, Aether Ind, Gujarat Ambuja Exports, Welspun Corp

Stocks that will see action on March 31, 2023

Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited

Welspun Corp Limited subsidiary completes acquisition of Sintex-BAPL

Stocks to keep an eye out for: Tata Consumer, Info Edge, SJVN, Sintex Plastics, Cochin Shipyard, Welspun Corp, Automotive Stampings, Seamec, Bliss GVS, RVNL, Navin Fluorine, Havells India, SKF, Godawari Power, Ashiana Housing, Eiko Lifesciences

Stocks that will see action on March 20, 2023

NCLT approves Welspun Corp’s resolution plan for Sintex-BAPL

Board of Welspun Corp approves scheme of amalgamation

Board of Welspun Corp approves change in directorate

Welspun Corp said that its wholly owned subsidiary Welspun Metallics has received multiple export orders of approximately 43 KMT for Pig Iron across South East Asia and Europe.

Welspun’s metallics business bags exports orders for pig iron from SE Asia, Europe

Adani group companies, HAL, L&T, Dr Reddy’s Lab, Sun Pharma, Power Grid, Zee Entertainment, Vikas Lifecare, Indraprastha Gas, Jaypee Infratech, Jindal Stainless, Allcargo Logistics, Welspun Corp, Star Paper Mills, NBCC India and Lumax Auto

Stocks that will see action on March 08, 2023

Welspun Corp has received a contract for export of LSAW pipes and bends to the Middle East. The company will execute this contract at Anjar facilities in FY23-24.

Welspun Corp shares climb 5% after receiving order from Middle East

Stocks to watch out for today: SpiceJet, NBCC India, Vodafone Idea, NBCC India, Redington, Edelweiss Financial, The Phoenix Mills, Welspun Corp, Inox Green and more

Stocks in news: SpiceJet, NBCC India, Vodafone Idea, Inox Green and more

Welspun Corp Ltd is quoting at Rs 189.25, down 1.92% on the day as on 13:19 IST on the NSE. The stock jumped 28.38% in last one year as compared to a 3.22% rally in NIFTY and a 0.17% spurt in the Nifty Media index.

Welspun Corp Ltd eases for fifth straight session

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