Welspun Corp share price surged 4% to a 52-week high of Rs 795 on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. The company stated it received this significant order for the supply of Coated HSAW Pipes for a natural gas pipeline project. Execution of the order is planned for FY25 and FY26.
Citi downgrades India to ‘neutral’ as valuations remain elevated
Citi has downgraded India’s market rating to ‘neutral’ due to high valuations and moderating earnings growth forecasts. While acknowledging India’s strong macro story and potential