Welspun Corp shares jump 6% after Jefferies initiates coverage with Buy rating. Should you invest?
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.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
