February 03, 2023 08:25 AM IST

Trade Spotlight: What should you do with Welspun India, Britannia Industries, LTIMindtree on Friday?

Welspun India shares rallied nearly 9 percent to Rs 70 and formed robust bullish candle which resembles Bullish Engulfing kind of pattern formation on the daily charts with large volumes after taking a support in previous session at horizontal support trendline adjoining lows of May 26, 2022 and February 1, 2023.

Hold Welspun India; target of Rs 75: Sharekhan

Sharekhan recommended Hold rating on Welspun India with a target price of Rs 75 in its research report dated January 30, 2023.

Welspun India Consolidated December 2022 Net Sales at Rs 1,869.15 crore, down 22.7% Y-o-Y

Welspun India Standalone December 2022 Net Sales at Rs 1,378.09 crore, down 13.53% Y-o-Y

Welspun India Q3 profit slumps 68% as inflation bites

The bedsheet-maker’s consolidated net profit fell to Rs 42.38 crore ($5.20 million) for the quarter that ended December 31 from Rs 132 crore a year earlier, Welspun India said in an exchange filing.

Exclusive | Sheela Foam, Welspun and 3 PE firms in race to buy controlling stake in Kurlon

Apart from Sheela Foam, there are other contenders too, both strategic and private equity, which include the Welspun Group, Bain Capital, TA Associates and KKR

Welspun India Consolidated September 2022 Net Sales at Rs 2,113.46 crore, down 15.04% Y-o-Y

Hold Welspun India; target of Rs 90: Sharekhan

Sharekhan recommended Hold rating on Welspun India with a target price of Rs 90 in its research report dated November 09, 2022.

Welspun India Standalone September 2022 Net Sales at Rs 1,529.61 crore, down 14.17% Y-o-Y

Welspun India Consolidated September 2022 Net Sales at Rs 2,113.46 crore, down 15.04% Y-o-Y

Welspun India's Q2 net profit down 96% at Rs 8.33 crore

It had posted a consolidated net profit of Rs 201.50 crore in the July-September quarter a year ago, Welspun India said in a regulatory filing.

Welspun India Consolidated June 2022 Net Sales at Rs 1,957.25 crore, down 11.62% Y-o-Y

Welspun India Standalone June 2022 Net Sales at Rs 1,381.14 crore, down 20.19% Y-o-Y

Trade Spotlight | What should you do with Vakrangee, Welspun India, Ramco System, Bharat Gears, SIS on Friday?

Ramco System has started to diverge positively from May 2022. It is too early to say, but technically, we think the stock is on the verge of reversing its bearish trend.

Buy Welspun India: target of Rs 105: Sharekhan

Sharekhan is bullish on Welspun India has recommended buy rating on the stock with a target price of Rs 105 in its research report dated May 10, 2022.

Welspun India Consolidated March 2022 Net Sales at Rs 2,227.09 crore, up 4.28% Y-o-Y

Welspun India Standalone March 2022 Net Sales at Rs 1,597.10 crore, down 7.08% Y-o-Y

Welspun India Q4 profit declines 62% to Rs 51 crore

The company had posted a consolidated net profit of Rs 134.34 crore in the same quarter of previous fiscal, Welspun India said in a regulatory filing.

Buy Welspun India: target of Rs 130: Sharekhan

Sharekhan is bullish on Welspun India has recommended buy rating on the stock with a target price of Rs 130 in its research report dated April 11, 2022.

Welspun India forays into mattress business

Manjari Upadhye, CEO of Welspun India Ltd, Domestic Business, said the company’s deep understanding of stated and unstated consumer requirements provides it with the insights to innovate and offer the most relevant products and solutions to the country’s diverse and fast-growing consumer base.

Welspun India Consolidated December 2021 Net Sales at Rs 2,418.17 crore, up 19.18% Y-o-Y

Welspun India Consolidated December 2021 Net Sales at Rs 2,418.17 crore, up 19.18% Y-o-Y

Welspun India Standalone December 2021 Net Sales at Rs 1,593.66 crore, down 8.41% Y-o-Y

Buy Welspun India: target of Rs 170: Sharekhan

Sharekhan is bullish on Welspun India has recommended buy rating on the stock with a target price of Rs 170 in its research report dated December 23, 2021.

Welspun India Standalone September 2021 Net Sales at Rs 1,782.11 crore, up 16.03% Y-o-Y