Angel One has set a target price of ₹1,050 based on a sum-of-the-parts valuation, implying an upside of 29 per cent from its previous close of ₹813.65 per share on the NSE.
Welspun Corp's consolidated order book has climbed to an all-time high of about ₹23,500 crore as of October 2025, providing clear revenue visibility for the next two years in the US
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Welspun Corp on Thursday posted a 57 per cent rise in consolidated net profit to Rs 443.51 crore in the September quarter, driven by a rise in revenues from the core steel products business. It had clocked a net profit of Rs 282.96 crore in the July-September period of the preceding 2024-25 financial year, the company said in a regulatory filing. Total income increased to Rs 4,408.66 crore in the September quarter from Rs 3,364.23 crore in the year-ago period. Total expenses stood at Rs 3,916.09 crore, higher from Rs 3,074.90 crore in Q2 FY25. The board of the company also approved the incorporation of two wholly-owned subsidiaries in the United Arab Emirates (UAE). One of the proposed companies will be incorporated at the Dubai International Financial Centre. It will act as an investment holding company to oversee the investments globally. Another entity will be incorporated at the Free Trade Zone in the UAE to handle global marketing for all products and carry out the business
Welspun Corp on Thursday said its US-based subsidiary has bagged two new orders for the supply of coated pipes for Natural Gas and NGL Pipeline Projects in the USA valued at around USD 715 million. In a regulatory filing, Welspun Corp said, "With this, our US facility now has a clear business visibility and continuity till FY28". The company's consolidated order book stood at a record high of Rs 23,500 crore. The company is witnessing a significant energy demand for Data Centres powering AI in the USA, creating additional opportunities for Line Pipe applications. "These wins position us as a reliable partner in these value chains," it said. Homegrown Welspun Corp is the flagship company of Welspun World, with a diverse business portfolio in pipe solutions and building materials. Welspun Corp is among the top three manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50+ countries by delivering key customised solutions for
Since its last announcement on June 4, the company has received additional orders valued at around ₹1,600 crore for its India line pipe facility
At 11:48 AM; Nifty Metal index, top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.2 per cent decline in the Nifty 50.