Avendus expects 34% upside on Indo Count shares, but cautious on Welspun Living

$WELSPUNLIV Shares of Indo Count Industries Ltd. and Welspun Living Ltd. on Tuesday, December 30, are reacting to brokerage Avendus' initiation on the home textiles stocks. Avendus has initiated coverage with a "buy" rating on Indo Count with a target price of ₹348 per share, which implies a potential upside of 33.7% from its previous close. On the flip side, Avendus has also initiated coverage with a "reduce" rating on Welspun Living, with a price target of ₹135 apiece, which indicates an upside potential of 2.6% from its closing price on Monday.