Welspun Corp Ltd
WELCORP

82.60

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Turnover (lac)
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Day's Vol.(shares)

82.45

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Turnover (lac)
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Reduce
Reco. Price
Rs 83.60
We recommend REDUCE on the stock based on high exposure to soft Oil & Gas sector. Weak order book and longer execution cycle is expected to drag revenues and reduce earnings. We see potential downside on FY17E P/E of 10.9x. (Target Price- Rs.75.4)
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50 DMA (.)
83.55
100 DMA (.)
79.02
200 DMA (.)
79.03
Weekly Range (.)
81.90
92.40
Monthly Range (.)
81.10
92.40
52 Weeks Range (.)
55.05
113.45
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