WELSPUN CORP SHARES HIT 52-WEEK HIGH ON ₹17,200-CRORE ORDER

Welspun Corp shares surged 17.14% to a fresh 52-week high after the company announced its largest-ever single order worth ₹17,200 crore for pipe supplies from its US manufacturing facility. The stock later pared gains and closed 14.26% higher. Following the order, Welspun Corp’s global order book reached a record ₹42,100 crore, improving revenue visibility and supporting the company’s growth outlook. The management highlighted strong opportunities in the North American energy infrastructure market. The company has a diversified portfolio across line pipes, ductile iron pipes, stainless steel products, pipes and tubes and TMT rebars, with manufacturing facilities in India, the US and Saudi Arabia. The sharp rally has strengthened investor sentiment, though fresh investors may face near-term volatility after the steep price rise.