Welspun Corp soars 37% in 5 days on strong Q3 results; hits over 9-yr high

Shares of Welspun Corp were trading higher for the fifth straight day, rallied 16 per cent to Rs 230, on the BSE on Friday after it reported a robust result for the quarter ended December 2019 (Q3FY20).

The stock of the construction & engineering company was trading at its highest level since December 2010. In the past five trading days, the stock soared 37 per cent, as against a 4 per cent rise in the S&P BSE Sensex.

The company’s consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) jumped 79 per cent year on year (YoY) at Rs 371 crore for