Welspun Living Shares Surge 9% Amid US-India Trade Talk Optimism
Welspun Living shares climbed over 9% with trading volumes 12 times the 30-day average, driven by positive signals from US-India trade negotiations. The stock is trading at Rs 124.60 on NSE, showing a weekly gain of over 10%. Despite short-term gains, the stock has seen a 33.21% decline over 12 months. Analysts maintain a positive outlook with a consensus target price of Rs 161.10, suggesting a 31.6% potential upside. CFO Sanjay Gupta announced his resignation effective October 15.

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Welspun Living shares experienced a significant boost, climbing over 9% in recent trading, driven by positive signals surrounding US-India trade negotiations. The surge in investor interest was evident from the trading volumes, which soared to 12 times the 30-day average.
Trade Talk Optimism
The optimism stems from recent statements by key political figures. US President Donald Trump mentioned ongoing negotiations aimed at addressing trade barriers between the two nations. Simultaneously, Indian Prime Minister Narendra Modi expressed confidence that the India-US trade talks would reach a conclusion in the near future.
Stock Performance
Welspun Living's stock has shown impressive short-term gains:
Metric | Value |
---|---|
Current trading price (NSE) | Rs 124.60 |
Weekly gain | Over 10% |
The stock has outperformed the Nifty 50, which advanced by 0.57%.
However, it's worth noting the stock's longer-term performance:
Period | Decline |
---|---|
12-month | 33.21% |
Year-to-date | 20.43% |
Analyst Outlook
Despite recent volatility, analysts maintain a positive outlook on Welspun Living:
- 6 out of 10 analysts rate the stock as a 'buy'
- Consensus target price: Rs 161.10
- Potential upside: 31.6% from current levels
Recent Corporate Development
In a recent announcement, Welspun Living disclosed that CFO Sanjay Gupta will be resigning from his position, effective October 15, citing personal reasons.
The recent surge in Welspun Living's stock price, coupled with the optimism surrounding US-India trade talks, suggests that investors are closely watching for potential benefits that may arise from improved trade relations between the two countries.
Historical Stock Returns for Welspun Living
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+9.87% | +9.69% | +10.53% | +4.32% | -32.77% | -21.03% |