Welspun Corporation shares hit 52-week high, rising 9%

Welspun Corporation's share price increased by 9% on Thursday, reaching a 52-week high. The stock opened at ₹814 on the Bombay Stock Exchange (BSE), slightly above the previous day's closing of ₹810. Throughout the day, the price climbed to a peak of ₹889. This rise marks a significant recovery for Welspun Corporation. The share price had fallen to a low of ₹441 in June 2024 but has now more than doubled to around ₹880. Over the past five years, it has surged by 1,109%, providing substantial returns for investors. The company's recent gains can be attributed to increased investor confidence, driven by new order inflows. Welspun Corporation announced it received new orders worth approximately ₹2,400 crores for coated pipes intended for natural gas pipeline projects in the USA. This brings the company's total consolidated order book to about ₹20,000 crores. The execution of these orders is expected to take place mainly during the financial years 2026 and 2027. The company stated that these orders reinforce its strong position in the U.S. oil and gas market and highlight the trust customers place in its capabilities. Welspun Corporation remains committed to delivering high-quality products and exceptional service. Investors are advised to consult certified experts before making any investment decisions, as opinions may vary.