Rajat Bose of rajatkbose.com told CNBC-TV18, "I suggest a hold to Welspun Corp. Actually there is a possibility that Welspun Corp might actually scale up to the levels of Rs 170 going forward because the chart pattern suggest that the corrective swing is already through."
The share touched its 52-week high Rs 165.70 and 52-week low Rs 71.70 on 06 November, 2017 and 26 December, 2016, respectively.
Currently, it is trading 14.6 percent below its 52-week high and 97.35 percent above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 10.89 per share. (Sep, 2017). The stock's price-to-earnings (P/E) ratio was 12.99. The latest book value of the company is Rs 68.23 per share.
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