INTRADAY CASH : Sell WELSPUN CORP LTD

• August 5, 2021
• By Ruhul AMIN Mondal
• 77 Views 697 comments

Welspun Corp Ltd is the second largest manufacturer of large diameter pipes in the world based in Mumbai, Maharashtra. It is a flagship company of the $3 billion Welspun Group. It operates a 1.65 mtpa plant in Anjar, Gujarat, which is being increased to 2.1 mtpa. The Welspun Pipes Division manufactures pipes from Dahej (Gujarat), Anjar (Gujarat) and Mandya (Karnataka) in India and Little Rock, Arkansas in the U.S. Welspun Plates and Coil manufactures plates up to 4.5 meters wide and coils up to 2.8 meters wide. Welspun Tubular LLC (USA): This spiral pipe and coating facility is spread across 740 acres and has an annual capacity of 350,000 tons near Little Rock Port, Arkansas. Welspun Tubular LLC begins production at its new electric-resistance welded (ERW) steel pipe mill in Little Rock, Ark., in 2012 according to a company executive. Natural Resources Ltd is a joint venture with Adani Group. It has a portfolio of eight oil and gas assets across India, Thailand and Egypt. Welspun Energy Ltd was incorporated to set up thermal power plants and solar energy power generating facilities. Welspun Infratech Ltd was recently acquired from MSK Projects India Ltd to enter the infrastructure sector.

Script Name –WELCORP( Welspun Corp Ltd )

Sell Price –133.90-134

Profit Target-131

Stop Loss-135.50

Call Duration-INTRADAY

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