March 01, 2023 03:44 PM IST

Welspun Corp shares climb 5% after receiving order from Middle East

Welspun Corp has received a contract for export of LSAW pipes and bends to the Middle East. The company will execute this contract at Anjar facilities in FY23-24.

Welspun Corp Consolidated December 2022 Net Sales at Rs 2,402.32 crore, up 84.95% Y-o-Y

Welspun Corp Standalone December 2022 Net Sales at Rs 1,464.50 crore, up 20.8% Y-o-Y

Welspun Corp shares rise nearly 4% after bagging contracts in Saudi Arabia

The share touched 52-week high Rs 298.35 and 52-week low Rs 135.55 on 22 September, 2022 and 07 March, 2022, respectively.

Trade Spotlight | What should you do with Reliance, NALCO, Welspun Corp on Wednesday?

NALCO was the second biggest gainer in the futures & options segment, rising 6.5 percent to Rs 78.85 and formed strong bullish candle with healthy volumes. It has seen a breakout of horizontal resistance trend line adjoining November 16 and December 22 this year.

Welspun Corp Consolidated September 2022 Net Sales at Rs 1,963.81 crore, up 50.35% Y-o-Y

Welspun Corp Standalone September 2022 Net Sales at Rs 1,533.80 crore, up 65.2% Y-o-Y

Hot Stocks | RPG Life Sciences, Poonawalla Fincorp, Welspun can deliver over 10% return in short term. Here's why

RPG Life Sciences has broken out from the Bullish Flag pattern on the daily chart. Stock has been forming higher tops and higher bottoms on the daily charts. Recently the stock price registered fresh all-time high at Rs 804 and current levels are very near to that level.

Welspun Corp stock rises as company bags 'significant' order for US project

The stock has gained 43 percent so far this year and is presently trading close to its 52-week high of Rs 267.50.

Trade Spotlight | What should you do with Ceat, Welspun Corp, EID Parry India on Friday?

Welspun Corp was also in focus, climbing more than 8 percent to Rs 264 and formed bullish candle on the daily charts with above average volumes. On the monthly charts, it has seen a breakout of long downward sloping resistance trend line adjoining January 1, 2008, and May 2, 2022.

Hot Stocks | HG Infra Engineering, Welspun Corp, Karnataka Bank can fetch up to 20% return in short term. Here's why

The benchmark indices like Nifty and Sensex could consolidate or may witness minor correction in the near term, as there is no support coming in from global equity markets.

Top 10 trading ideas by experts for next 3-4 weeks as markets likely to remain choppy

The Nifty50 is expected to trade within the range of 17,300-17,800 in the short term, and if it decisively gives a close above the upper band of the said range, then there could be a move towards the psychological 18,000 mark, experts said

Hot Stocks | Kalyan Jewellers, Vinyl Chemicals, Welspun can fetch over 20% in short term. Here's why

In Tuesday's trading session, Kalyan Jewellers India witnessed a long-term downsloping trendline resistance with heavy volume and managed to close above 6 months swing high. There is a breakout of Bullish Flag formation in a shorter time frame that generates further momentum.

Welspun Corp Consolidated June 2022 Net Sales at Rs 1,321.82 crore, up 1.76% Y-o-Y

Welspun Corp Standalone June 2022 Net Sales at Rs 1,384.94 crore, up 92.53% Y-o-Y

Top 10 trading ideas by experts for next 3-4 weeks as bulls strengthen hold on Dalal Street

Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.

Trade Spotlight | What should you do with Schaeffler India, Welspun Corp, Finolex Cables on Monday?

On the weekly and monthly time frame, Welspun Corp is trending higher forming a series of higher tops and bottoms indicating strong up trend. However with Friday's up move the stock has confirmed "Symmetrical Triangle" breakout at Rs 220 levels. This breakout is accompanied with huge volume spurt indicating increased participation.

Trade Spotlight | What should you do with Delta Corp, Elecon Engineering, Welspun Corp, Sun TV Network on Monday?

Sun TV Network rebounded from its two years major support of Rs 400 levels. This buying was accompanied with huge volumes which signals buying support near major support zones. The stock is well placed above the 20-day SMA which remains a positive sign.

Welspun Corp ropes in Tata Steel to develop 'framework' and manufacture for pipes for hydrogen transportation

While Welspun Corp Ltd, the flagship company of Welspun Group, is a leading welded line pipe manufacturer, Tata Steel is among the top three steel making companies in India.

Hot Stocks | Double-digit returns in Welspun, Astrazeneca Pharma, SKF India possible in short term. Here's why

Welspun Corp is in strong bullish momentum where it took support in the cluster of 50 and 20-DMA after a pullback and now it is resuming its bullish momentum.

Trade Spotlight | What should you do with Granules India, Welspun Corp, JK Lakshmi Cement on Monday?

Currently JK Lakshmi Cement is well placed above 20, 50 and 100 day SMA. The daily weekly strength indicator RSI is in bullish terrain which supports rising momentum. The daily "band Bollinger" buy signal indicates increased momentum.

Trade Spotlight | What should investors do with Redington India, RHI Magnesita, Adani Wilmar, Welspun Corp on Monday?

RHI Magnesita India is well placed above its 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments. With current week's high (Rs 668) it has registered an all-time high indicating positive bias.

Hot Stocks | Here is why you should bet on Shipping Corporation and Welspun Corp for short term

The technical indicators have strongly backed the momentum, wherein the MACD (moving average convergence divergence) witnessed a positive crossover affirming the inherent strength in Welspun Corp, said Sameet Chavan of Angel One

Trade Spotlight | What should investors do with Tata Power, OnMobile Global, Talbros Automotive, Sharda Cropchem, Welspun Corp on Thursday?

One can buy OnMobile Global immediately in small quantity and buy another tranche at Rs 140 for the long term. Upside is seen near Rs 195 with solid support of Rs 125

Bulk Deals | Hedge fund WF Asian Reconnaissance Fund offloads 0.78% stake in IIFL Wealth

The hedge fund has sold 6,98,922 equity shares in IIFL Wealth at an average price of Rs 1,714.05 apiece. As of December 2021, the fund's total shareholding in the company was 4.51 percent or 40 lakh equity shares.