Welspun Corp Ltd
Stocks on the Move
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Reco. Price: Rs. 874.00 -
Reco. Date: April 07, 2026 
Rating: Buy
BSE Code: 532144
NSE Symbol: WELCORP
Stock Info
- Face Value (Rs) 5
- Equity Capital (Rs cr) 132.00
- Mkt Cap (Rs cr) 22,670.17
- 52w H/L (Rs) 994.00 - 664.30
- Avg Daily Vol (BSE+NSE) 109,713
Shareholding Pattern
- (as on 31-Dec) %
- Promoter 49.73
- FIIs 11.45
- DIIs 14.01
- Public & Others 24.81
Price Performance
- Return (%) 1m 3m 12m
- Absolute 6.41 8.98 8.38
- Sensex -6.10 -12.88 1.32
Data Source: Ace equity, stockaxis Research
Momentum Building After Base Formation.
After a lengthy decline, the stock has formed a clear higher low pattern. The recent sharp movement indicates a change in trend from bearish to bullish. The price has recovered the 21 EMA and 50 EMA. The alignment of EMAs is getting better, signaling an early uptrend setup. A series of strong bullish candles near recent highs indicates institutional participation or momentum buying. The RSI is above 55–60 and trending upward, showing bullish momentum. A notable increase in volume during the upward movement suggests that the breakout's reliability is increasing.
Hence, we recommend buying the stock at cmp while any dip around 835-840 can be utilized to average with a stop loss below Rs.795 for target of Rs.1030.