Motilal Oswal has come out with a report on the results forecast of midcap companies. Shrinath Mithanthaya, Head of PCG Research, Motilal Oswal Securities explains what he expects from Welspun Gujarat.

Mithanthaya says that they are watching out for a couple of dark horses and  Welspun Gujarat is one of them.

He says, "Very recently they did a fairly imaginative deal with a company in Russia where they will be sharing 40% of the profits and in turn, they will be putting 150 million pipe mill. Overall, we are positive on the pipe sector as a whole and on Welspun Gujarat. Because of this deal, we expect significant upside in Welspun Gujarat."