Buy Welspun Corp, price target Rs 202: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Welspun Corp Ltd. with a target price of Rs 202. The current price of Welspun Corp Ltd. is Rs 193.0 Time period given by the analyst is Intra Day when Welspun Corp Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 186 .

Welspun Corp Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 4866.52 Crore) operating in Metals - Ferrous sector.

Welspun Corp Ltd. key Products/Revenue Segments include Welded Pipes which contributed Rs 5002.01 Crore to Sales Value (95.09 % of Total Sales), Scrap which contributed Rs 100.38 Crore to Sales Value (1.90 % of Total Sales), Other Operating Revenue which contributed Rs 91.83 Crore to Sales Value (1.74 % of Total Sales) and Export Incentives which contributed Rs 65.67 Crore to Sales Value (1.24 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 2844.67 Crore, up 27.87 % from last quarter Sales of Rs 2224.61 Crore and up 12.49 % from last year same quarter Sales of Rs 2528.85 Crore Company has reported net profit after tax of Rs 185.61 Crore in latest quarter.

The company’s top management includes Mr.Atul Desai, Mr.Balkrishan Goenka, Mr.Desh Raj Dogra, Mr.K H Viswanathan, Mr.Raj Kumar Jain, Mr.Rajesh R Mandawewala, Mr.Vipul Mathur, Mrs.Revathy Ashok, Ms.Amita Misra. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 31-12-2019, the company has a total of 260,869,395 shares outstanding.