Welspun Corp Ltd. hit a fresh all-time high of ₹794.75 on October 1 after announcing that it secured an order worth ₹2,400 crore in the US. The order is for the supply of coated HSAW pipes for a natural gas pipeline project, and it will be executed within the current financial year and FY26.
The company expressed a positive outlook for the US market and hinted at more favorable prospects, mentioning that it is well-placed for other orders in upcoming projects. This new order reinforces Welspun Corp’s strong market position in the USA.
Recent Orders
- US Natural Gas Pipeline Order: Worth ₹2,400 crore, to be executed in FY25 and FY26.
- Middle East Order: On September 30, the company secured another order for coated LSAW pipes and bends, adding to the cumulative value of ₹1,348 crore in line pipe orders in India and the US. This order is also scheduled for execution in FY25 and FY26.
Stock Performance
- The stock hit a new high of ₹794.75 on October 1 but settled at ₹766.30, remaining flat by 9:40 am.
- Welspun Corp’s stock has gained 34.32% year-to-date, showcasing robust investor confidence.
Financial Overview
- Market Cap: ₹19,421 crores
- Revenue (12m): ₹16,408 crores
- Trading Volume: 20,27,139 shares
- Day Range: ₹752.30 – ₹794.75
- 52-Week Range: ₹376.15 – ₹794.75
The company’s strong financial performance and recent order wins indicate a growth trajectory that has captured market attention.
