Welspun Corp shares jumped nearly 6% after Jefferies initiated coverage with a Buy rating and a Rs 3,250 target price, implying 27% upside. The brokerage sees a multi-year upcycle in US and Saudi energy infrastructure spending, supported by Welspun’s capacity expansion, strong order book and growing overseas operations.
​Welspun Corp shares jumped nearly 6% after Jefferies initiated coverage with a Buy rating and a Rs 3,250 target price, implying 27% upside. The brokerage sees a multi-year upcycle in US and Saudi energy infrastructure spending, supported by Welspun’s capacity expansion, strong order book and growing overseas operations. by Soban News (international And National News)
