Welspun Corp’s shares dipped after US tariffs despite the company’s localized US production, which MD Vipul Mathur believes will benefit them. Fueled by a strong order book and global expansion, the company’s stock has seen significant gains over the past year. Welspun is expanding in Saudi Arabia and India, projecting substantial revenue and operating profit growth by FY26.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention