"Welspun Corp: Pipe Powerhouse Riding Oil Surge – From ₹800 Dip to New Peaks!"

Daily Technical Analysis Welspun Corp (NSE: WELCORP) closed at ₹826.60 on Dec 5, 2025 (-0.37% from ₹853.20 prior), intraday low ₹805.75-high ₹829.95 on elevated volume. Bearish signals dominate: RSI(14) 35.17 (downtrend), STOCH RSI 0 (strong downtrend), CCI -130.75 (strong downtrend), MFI 25.77 (strong downtrend); MAs neutral (20D EMA ₹869 neutral, 50D ₹876 neutral, 200D ₹845 neutral). Pivots: Support ₹811.78-₹823.33 (S3-S1), pivot ₹830.67, resistance ₹834.88-₹846.43 (R1-R3); breakdown risks ₹800, bounce if holds ₹820.

Reasons for Recent Fall 15-20% correction from ₹994 peak due to FY25 weak guidance (revenue ₹17,000 Cr flat YoY, EBITDA ₹1,700 Cr flat), Q4FY25 EBITDA margin dip to 7.4% (from 10.3%), broader metal/oil volatility amid oil price stabilization (~$80/bbl), profit booking post-Q2 beat, and Nifty Metal weakness (-7% 6M)—offset by strong order inflows. Positive & Negative Impacts Positive Impacts Q2FY26 Beat: Revenue +24% QoQ, PAT +66% YoY on US/ME orders, oil ~$80/bbl aids ***** Integration: Plate mill at Anjar boosts margins, US offshore firsts (India supplier). Analyst Targets: Avg ₹1,132 (high ₹1,284), 30% upside. Negative Impacts Guidance Caution: Flat FY25 growth, EBITDA margin pressure from costs. Commodity Volatility: Oil/steel cycle risks, China competition.