Exit Welspun Corp, says Rajesh Agarwal

Rajesh Agarwal of Aum Capital told CNBC-TV18, "I don't find any reason to be in Welspun Corp for next one or two quarters because the numbers are not that exciting and from the last two-three quarters they have been reporting negative numbers. The valuations are also stretched when compared with peer group companies although it's a global player and preferred supplier to most of the Fortune 100 oil and gas companies but we should not forget that crude is very subdued and unless that picks up expansion in global oil companies would be a problem and getting orders would be another problem. So switch to some other company."

Welspun Corp ended at Rs 87.55, up Rs 6.05, or 7.42 percent on the BSE.