Time period given by analyst is Intra Day when Welspun India Ltd. price can reach defined target.
Welspun India Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 11458.89 Crore) operating in Textiles sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2173.56 Crore, up 6.04 % from last quarter Total Income of Rs 2049.71 Crore and up 30.59 % from last year same quarter Total Income of Rs 1664.46 Crore. Company reported net profit after tax of Rs 134.28 Crore in latest quarter.
Investment Rationale
Welspun India continues to trace out bullish patterns. Positive breakthrough above prior week’s high on a comparatively higher volume warrants a positive outlook for the stock.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
