Shares of Welspun Living surged 4% after global brokerage Jefferies initiated coverage on the stock with a ‘Buy’ rating and set a target price of ₹185. The brokerage views Welspun as a key beneficiary of India’s rising home textile exports and strategic global trade opportunities.
Welspun Living (WL) is India’s leading home textile exporter, with a strong presence in the US market, which remains its largest export destination. Jefferies highlighted WL’s potential upside from upcoming trade agreements between India and developed markets like the US and EU, following the recent trade pact signed with the UK.
Beyond exports, the company has diversified into new product categories and strengthened its branded portfolio, contributing to its robust growth strategy. Jefferies projects an 18% compound annual growth rate (CAGR) in earnings per share (EPS) during FY25–28, driven by both volume expansion and premiumization.
However, the brokerage also flagged a possible earnings moderation in FY26 due to short-term tariff uncertainties, which could weigh on margins. Still, it remains confident in WL’s long-term fundamentals and global competitiveness.
Welspun Living shares traded positively today, opening at ₹139.76 and, at the time of writing, reached a high of ₹143.25 before slipping to a low of ₹139.10. The stock remains well above its 52-week low of ₹104.80 but below the 52-week high of ₹212.95.
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