NewsStocksAvendus Initiates Coverage on Welspun Living with Reduce Rating, Sets Rs 135 Price TargetAvendus Initiates Coverage on Welspun Living with Reduce Rating, Sets Rs 135 Price Target
Avendus Securities has begun research coverage on Welspun Living with a 'Reduce' rating and a price target of Rs 135.00 per share. This initiation provides investors with a new perspective on the textile company's stock, with the 'Reduce' recommendation suggesting potential underperformance compared to the market or sector peers.
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Avendus Securities has initiated research coverage on Welspun Living with a reduce rating, setting a price target of Rs 135.00 per share for the textile company.
Analyst Recommendation
The brokerage firm's reduce rating indicates a cautious stance on the stock's near-term performance prospects. Avendus has established Rs 135.00 as the target price for Welspun Living shares.
| Parameter | Details |
|---|---|
| Brokerage | Avendus Securities |
| Rating | Reduce |
| Price Target | Rs 135.00 |
| Coverage Status | Initiation |
The initiation of coverage by Avendus Securities provides investors with additional research perspective on Welspun Living's stock. The reduce recommendation suggests the brokerage expects the stock to underperform relative to the broader market or sector peers.
Historical Stock Returns for Welspun Living
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.05% | -2.51% | -10.66% | -7.77% | -14.39% | -16.35% |
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