“Jefferies initiated coverage on Welspun Corp with a 'Buy' rating and a price target of ₹3,250, implying an upside of approximately 29% from Wednesday's close of ₹2,524. The bullish outlook is based on the company's strong positioning to benefit from a multi-year upcycle in oil and gas infrastructure spending in the US and West Asia.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%