“Bullish on Welspun Corp, with a price target of ₹3,250, indicating a 22.8% upside. The company is well-positioned to benefit from a multi-year upcycle in oil & gas infrastructure spending in the US and Middle East. Its premium valuation is justified by a strong earnings growth outlook, robust order book, and high Return on Equities.”

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