Time period given by analyst is Intra Day when Welspun Corp Ltd. price can reach defined target.
Welspun Corp Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 4159.53 Crore) operating in Metals – Ferrous sector.
Welspun Corp Ltd. key Products/Revenue Segments include Welded Pipes, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1358.44 Crore, up 1.64 % from last quarter Total Income of Rs 1336.49 Crore and up 10.71 % from last year same quarter Total Income of Rs 1227.01 Crore. Company reported net profit after tax of Rs 89.49 Crore in latest quarter.
Investment Rationale
Stock has given a head & shoulder pattern breakout on the daily chart
Promoter/FII Holdings
Promoters held 50.01 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.06 per cent, DIIs 7.4 per cent.
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