Welspun India: No Respite from Margin Pressure Pain; Weak Outlook. Maintain Buy
Effectively, we change our rating from BUY to HOLD with a revised target price of Rs 70 (from Rs 133 earlier), valuing the company at 9x FY24 EPS...
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Welspun India: Negative Surprise on Gross & Operating Margins
We maintain our rating of BUY with a revised target price of Rs 133 (from Rs 173 earlier) valuing the company at 15x (~20% discount to TTM PE of...
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Pick of the Week: Welspun India
Welspun India Ltd. (WIL) – a part of the Welspun Group of companies is one of the largest Indian Home Textile companies. It has a strong export...
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Initiating Coverage:Welspun India
At CMP, the stock trades at 18x FY22E EPS. We assign a target multiple of 15x FY23E EPS (i.e. at 20% discount to TTM PE) and initiate coverage with...
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