Welspun Corp shares reached a new high of ₹1,500, gaining 3% during Monday's intra-day trading on the National Stock Exchange amid heavy volume. According to reports from Business Standard, the stock has more than doubled, zooming 111% from its 52-week low of ₹710 touched on February 2, 2026. The company's stock has significantly outperformed the market in calendar year 2026, surging 88% compared to a 8.4% dip in the Nifty 50 index.
As reported by Business Standard, Welspun Corp's order book currently stands at over ₹25,000 crore, with management expressing confidence that this will significantly grow from current levels. The company's Little Rock facility remains substantially booked until FY28, supported by strong demand across Oil & Gas Infrastructure, LNG Expansion Projects, Hydrogen Transportation opportunities, and rapidly increasing energy requirements of AI-led data centres. According to analysts at Equirus Securities, the company remains well-placed to capture growing business opportunities across the US and Kingdom of Saudi Arabia regions.
According to Business Standard reports, the management sees very strong tailwinds for the next few years in all three geographies, especially the US and Middle East. The US oil and gas economy is experiencing a paradigm shift where both gas and oil are growing exponentially, resulting in massive requirements for pipelines over the next 5 to 7 years. Key economic drivers include liquified natural gas (LNG) exports and development of multiple AI data centres requiring gas-based power plants for transportation.
As reported by Business Standard, Equirus Securities maintains a 'Long' rating on the stock with a target price of ₹1,562 per share. The brokerage firm noted that near-term geopolitical challenges have led to some Line Pipe and DI Pipe export orders being deferred, but broadly maintains FY28E EBITDA estimates. The company's medium to long-term business outlook continues to remain positive across all businesses, supported by strong focus on Oil & Gas, energy security and transition initiatives.
