News

Buy Welspun India Ltd For Target Rs.130 - Sushil Finance Ltd Highlights from the Quarter (Q1 FY24) : During Q1 FY24, the top line went up by 11.6% yoy to Rs.2,184.1 cr; on a sequential basis, the top line was up 1.4%, despite the cyclone towards the end of the quarter. Home textiles (90% of the sales) reported a growth of 10% yoy in revenue to Rs.2,037.6 cr, while flooring revenue reported revenue of Rs.225.1 cr, a growth of 33% yoy. The company has increased its stores in India to ~13,200 in the current quarter and aims to increase it to 50,000 sto...
Buy Welspun India Ltd For Target Rs.130 - Sushil Finance Ltd
Buy Welspun India Ltd For Target Rs.130 - Sushil Finance Ltd
Source: Sushil Finance Ltd
2/08/2023 3:02:10 PM
Buy Welspun India Ltd For Target Rs.126 - Sushil Finance Ltd Highlights from the Quarter (Q4 FY23) : During Q4 FY23, the top line fell by 3.3% yoy to Rs.2,153.9 cr; on a sequential basis, the top line was up 15.2%. Home textiles (91% of the sales) reported de- growth of 2.7% yoy in revenue to Rs.2,017.1 cr, while flooring revenue grew 10%yoy. The company has increased its stores in India to ~11,170 in the current quarter and aims to increase it to 50,000 stores by FY26. Domestic sales grew by 16% yoy. EBITDA margin improved to 12.9% in Q4 FY23. The ...
Buy Welspun India Ltd For Target Rs.126 - Sushil Finance Ltd
Buy Welspun India Ltd For Target Rs.126 - Sushil Finance Ltd
Source: Sushil Finance Ltd
3/05/2023 11:04:32 AM
Welspun India trades higher on reporting over 2-fold jump in Q4 consolidated net profit Welspun India is currently trading at Rs. 88.13, up by 1.07 points or 1.23% from its previous closing of Rs. 87.06 on the BSE. The scrip opened at Rs. 88.00 and has touched a high and low of Rs. 89.95 and Rs. 87.30 respectively. So far 255549 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 89.95 on 28-Apr-2022 and a 52 week low of Rs. 62.20 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 89....
Welspun India trades higher on reporting over 2-fold jump in Q4 consolidated net profit
Welspun India trades higher on reporting over 2-fold jump in Q4 consolidated net profit
Source: Accord Fintech
28/04/2023 11:22:15 AM
Welspun India Q3 profit misses view as inflation bites Home textiles manufacturer Welspun India reported a bigger-than-expected 68% slump in third-quarter profit on Monday as rising inflation pushed consumers to scale back spending on discretionary items. The bedsheet-maker's consolidated net profit fell to 423.8 million rupees ($5.20 million) for the quarter that ended Dec. 31 from 1.32 billion rupees a year earlier, Welspun India said in an exchange filing. Analysts had, on average, expected a profit of 609.5 million rupees, according...
Welspun India Q3 profit misses view as inflation bites
Welspun India Q3 profit misses view as inflation bites
Source: Reuters
30/01/2023 4:34:25 PM
Welspun India prepays loans worth Rs 45.8 crore Welspun India said that it has prepaid term loans of Rs 45.80 crore as on 31 December 2022, along with other instalments which were due as the quarter end on standalone basis. The weighted average interest rate of the loans prepaid by the company was 8.30% per annum. "With this prepayment, the outstanding term loan on standalone basis as on 31 December 2022 stands at Rs 129.72 crore vis-vis Rs 259.64 crore as on 31 March 2022, Welspun said in a statement. Welspun India is one of the larg...
Welspun India prepays loans worth Rs 45.8 crore
Welspun India prepays loans worth Rs 45.8 crore
Source: Dion Global Services Ltd
4/01/2023 11:06:15 AM
Welspun India rises on eyeing revenue to cross Rs 15,000 crore by FY26 Welspun India is currently trading at Rs. 76.70, up by 0.15 points or 0.20% from its previous closing of Rs. 76.55 on the BSE. The scrip opened at Rs. 77.75 and has touched a high and low of Rs. 77.75 and Rs. 76.60 respectively. So far 8073 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.95 on 10-Jan-2022 and a 52 week low of Rs. 62.30 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 79.9...
Welspun India rises on eyeing revenue to cross Rs 15,000 crore by FY26
Welspun India rises on eyeing revenue to cross Rs 15,000 crore by FY26
Source: Accord Fintech
23/11/2022 12:07:10 PM
Welspun India declines on reporting 96% fall in Q2 consolidated net profit Welspun India is currently trading at Rs. 77.15, down by 0.25 points or 0.32% from its previous closing of Rs. 77.40 on the BSE. The scrip opened at Rs. 76.20 and has touched a high and low of Rs. 77.35 and Rs. 76.20 respectively. So far 65350 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.95 on 10-Jan-2022 and a 52 week low of Rs. 62.30 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 8...
Welspun India declines on reporting 96% fall in Q2 consolidated net profit
Welspun India declines on reporting 96% fall in Q2 consolidated net profit
Source: Accord Fintech
10/11/2022 2:56:24 PM
Buy Welspun India Ltd For Target Rs.118 - Sushil Finance Welspun India Ltd. recently announced its performance for the quarter ended June 30 2022. Following are the key highlights. Highlights from the Quarter (Q1 FY23) : During Q1 FY23, the top-line fell by 11.6% yoy to Rs.1,957.3 cr and on sequential basis, the top-line was down 12.1%. Home textiles reported de-growth of 13% yoy to Rs.1,852 cr, while flooring reported 39.5% yoy growth to Rs.169.4 cr. The demand for the home textiles products was subdued in Q1 FY23, on account of oversupply i...
Buy Welspun India Ltd For Target Rs.118 - Sushil Finance
Buy Welspun India Ltd For Target Rs.118 - Sushil Finance
Source: Sushil Finance Ltd
30/07/2022 11:39:30 AM
Welspun India Q1 net profit down 91.25% at Rs 14.70 cr The company reported standalone net profit of Rs 14.70 crore for the quarter ended June 30, 2022 as compared to Rs 168.05 crore in the same period last year, registering a year-on-year decline of 91.25 per cent. Net revenue of the company declined substantially by 20.19 per cent at Rs 1,381.14 crore in April-June quarter of this fiscal as against Rs 1,730.60 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 6.55 per cent to Rs 1,310.43 cr...
Welspun India Q1 net profit down 91.25% at Rs 14.70 cr
Welspun India Q1 net profit down 91.25% at Rs 14.70 cr
Source: Dion Global Solutions Ltd
28/07/2022 9:48:50 AM
Buy Welspun India Ltd For Target Rs.153 - Sushil Finance Welspun India Ltd. recently announced its performance for the quarter ended March 31 2022. Following are the key highlights. Highlights from the Quarter (Q4 FY22) : During Q4 FY22, the top-line grew 4.3% yoy to Rs.2,227.1 cr and on sequential basis, the top-line was down 7.9%. On full-year basis, the company has delivered a strong top-line performance for FY22 with revenue growing at 26.6% to Rs.9,377 cr. The robust top-line growth was driven by strong volumes; the company achieved high...
Buy Welspun India Ltd For Target Rs.153 - Sushil Finance
Buy Welspun India Ltd For Target Rs.153 - Sushil Finance
Source: Sushil Finance Ltd
7/06/2022 12:37:55 PM
Welspun India jumps on foraying into mattress business Welspun India is currently trading at Rs. 97.75, up by 1.85 points or 1.93% from its previous closing of Rs. 95.90 on the BSE. The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 99.60 and Rs. 96.00 respectively. So far 317274 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.75 on 12-Oct-2021 and a 52 week low of Rs. 75.55 on 15-Apr-2021. Last one week high and low of the scrip stood at Rs. 10...
Welspun India jumps on foraying into mattress business
Welspun India jumps on foraying into mattress business
Source: Accord Fintech
25/03/2022 12:05:22 PM
JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others The brokerage and investment firm JM Financial has given a 'buy' call for shares such as ITC, GAIL, Mahindra & Mahindra Financial, Welspun India, Apollo Tyres, Blue Star, V Guard Industries, JK Lakshmi Cement and Somany Ceramics. For ITC stocks, the brokerage has set a target price at Rs 295, as against the current price of Rs Rs 233.6. "With the government maintaining a benign stance in Budget 2022, we believe the stage is well-set for ITC's FY23E to be one of the ...
JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others
JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others
Source: IANS
6/02/2022 3:46:07 PM
Stock Picks - Buy Welspun India Ltd For Target Rs.160 - ICICI Direct Technical Observations * The textile stocks has outperformed during CY21. Within Textile space we remain constructive on welspun India which we expect to outperform * The stock during current week trade has generated a breakout above the last two months range (|147-123) signaling a resumption of up move and offers fresh entry opportunity * The base of the recent consolidation is placed at the 100 days EMA ( currently placed at | 137) signaling strength and a positive price struc...
Stock Picks - Buy Welspun India Ltd For Target Rs.160 - ICICI Direct
Stock Picks - Buy Welspun India Ltd For Target Rs.160 - ICICI Direct
Source: ICICI Direct
29/12/2021 11:22:05 AM
Welspun India, Birlasoft doubled investors' wealth in 2021 Investors in Welspun India and Birlasoft have been rewarded with healthy returns in 2021, as their invested sums have doubled in value. Shares of Welspun India rose from Rs 68 at the start of the year to Rs 142 at Wednesday's close. Founded in 1985, Welspun India is into the textile business. The company exports textile products to more than 50 countries. The Centre's production-linked incentive for the textile sector apparently attracted investors towards Welspun India. O...
Welspun India, Birlasoft doubled investors' wealth in 2021
Welspun India, Birlasoft doubled investors' wealth in 2021
Source: IANS
16/12/2021 10:07:41 AM
Buy Welspun India Ltd For Target Rs.165 - Edelweiss Financial Services Stable showing; margin trajectory key Welspun India (WLSI) sustained revenue growth (up 26% YoY) with bed/bath/rugs posting volume growth of 4%/16%/29% YoY. However, margin pressure persisted, dragging EBITDA margin to 17% (down 370bps QoQ) given inflation pressure across key raw materials. WLSI also upped its capex plan with announcement of new capacity mainly for the towel segment. Debt increased (Q2FY22: INR25bn), but WLSI remains confident of achieving FY22E net debt target of INR24bn....
Buy Welspun India Ltd For Target Rs.165 - Edelweiss Financial Services
Buy Welspun India Ltd For Target Rs.165 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
9/12/2021 9:33:45 AM
Welspun India jumps on launching upgraded multi-level traceability solution Wel-Trak 2.0 Welspun India is currently trading at Rs. 163.55, up by 1.85 points or 1.14% from its previous closing of Rs. 161.70 on the BSE. The scrip opened at Rs. 164.50 and has touched a high and low of Rs. 164.70 and Rs. 162.10 respectively. So far 128697 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.75 on 12-Oct-2021 and a 52 week low of Rs. 62.00 on 11-Nov-2020. Last one week high and low of the scrip stood at R...
Welspun India jumps on launching upgraded multi-level traceability solution Wel-Trak 2.0
Welspun India jumps on launching upgraded multi-level traceability solution Wel-Trak 2.0
Source: Accord Fintech
14/10/2021 12:22:36 PM
Buy Welspun India Ltd For Target Rs.215 - Sushil Finance Leading player in Home Textiles in US Welspun India (Welspun) is one of the leading manufacturers of terry towels and bed linen. Market share of towels for the company in the US has grown from 15% in CY13 to 19% in CY20 and for bedsheets, from 7% in CY13 to 12% in CY20. This was primarily on account of favourable macro factors like cheap labour in India, availability of cotton and company-specific factors like strong relationships with leading big-box retailers in the US, introducing innov...
Buy Welspun India Ltd For Target Rs.215 - Sushil Finance
Buy Welspun India Ltd For Target Rs.215 - Sushil Finance
Source: Sushil Finance Ltd
13/10/2021 11:04:08 AM
Welspun India moves up on the bourses Welspun India is currently trading at Rs. 164.70, up by 0.75 points or 0.46% from its previous closing of Rs. 163.95 on the BSE. The scrip opened at Rs. 166.70 and has touched a high and low of Rs. 167.50 and Rs. 163.25 respectively. So far 266098 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.60 on 30-Sep-2021 and a 52 week low of Rs. 62.00 on 11-Nov-2020. Last one week high and low of the scrip stood at R...
Welspun India moves up on the bourses
Welspun India moves up on the bourses
Source: Accord Fintech
6/10/2021 2:48:34 PM
Key News - Lupin Ltd, FDI, KEC International Ltd, Welspun India Ltd, Biocon By ARETE Securities Key News FDI key to India's aspiration to be a $5 trn economy, says Deloitte CEO Foreign Direct Investment (FDI) is critically important for India to become a USD 5 trillion economy, Deloitte CEO Punit Renjen said while noting that over two-fifths of the 1,200 business leaders surveyed in the US, UK, Japan and Singapore are planning additional or first-time investments in India. Referring to the survey, he said India continues to be "one of the most attractive" FDI destina...
Key News - Lupin Ltd, FDI, KEC International Ltd, Welspun India Ltd, Biocon By ARETE Securities
Key News - Lupin Ltd, FDI, KEC International Ltd, Welspun India Ltd, Biocon By ARETE Securities
Source: ARETE Securities Ltd
20/09/2021 9:25:41 AM
Key News - Larsen & Toubro Ltd, Cipla Ltd, Welspun India Ltd, Truck rentals, Cholamandalam Investment and Finance Company by ARETE Securities Key News L&T Q4 consolidated net profit up 3% to Rs 3,293 crore on higher revenues India’s largest engineering and construction firm Larsen & Toubro (L&T) on Friday reported a consolidated net profit of Rs 3,293 crore for Q4, up 3 per cent year-on-year (YoY) on higher revenues and surge in other income. The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore. In Q4, net ...
Key News - Larsen & Toubro Ltd, Cipla Ltd, Welspun India Ltd, Truck rentals, Cholamandalam Investment and Finance Company by ARETE Securities
Key News - Larsen & Toubro Ltd, Cipla Ltd, Welspun India Ltd, Truck rentals, Cholamandalam Investment and Finance Company by ARETE Securities
Source: ARETE Securities Ltd
17/05/2021 9:19:20 AM
Welspun India Q4 net profit zooms 128.40% at Rs 136.63 cr The company reported standalone net profit of Rs 136.63 crore for the quarter ended March 31, 2021 as compared to Rs 59.82 crore in the same period last year, registering a year-on-year growth of 128.40 per cent. Net revenue of the company rose substantially by 45.08 per cent at Rs 1,718.75 crore in January-March quarter of this fiscal as against Rs 1,184.72 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 42.95 per cent to Rs 1,442...
Welspun India Q4 net profit zooms 128.40% at Rs 136.63 cr
Welspun India Q4 net profit zooms 128.40% at Rs 136.63 cr
Source: Dion Global Solutions Ltd
14/05/2021 3:52:51 PM
LKP Spade, Weekly Pick - Buy Welspun India Ltd For Target Rs. 88 - LKP Securities * Stock has given fresh breakouts on daily charts. * Humongous volume activity is seen at the time of breakout. * Also prices are hovering above ichimoku clouds which shows immediate trend is up. Buy Welspun India Ltd @ 81.4-82 TGT 88 SL Below Rs. 77 CB Duration 1 Week   To Read Complete Report & Disclaimer Click Here   For More  LKP Securities Ltd Disclaimer  http://www.lkpsec.com/   Above views are of ...
LKP Spade, Weekly Pick - Buy Welspun India Ltd For Target Rs. 88 - LKP Securities
LKP Spade, Weekly Pick - Buy Welspun India Ltd For Target Rs. 88 - LKP Securities
Source: LKP Securities Ltd
15/03/2021 10:35:34 AM