Why has the stock of Welspun Corp rallied so sharply in the last few days?
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Welspun stock price rallied sharply during the week and was even locked in upper circuit on Wednesday after the company reportedly bagged large orders worth close to Rs,1400 crore. The orders are for a total of 147 KMT of products to be done in India.
The orders are large in size and expected to boost mill utilisation. The orders were from the domestic O&G and water business and included some export orders too. Currently, the company had an order book of 755 KMT which is valued at approximately Rs.6300 crore.