Stock in Support: Welspun Enterprises

Oct 9, 2024

About

• Welspun Enterprises Limited (WEL) is a part of the USD 2.7 billion Welspun Group.
  
• The Company operates in the infrastructure space with investments in oil & gas.
  
• WEL is focused on the road development, water sector, BOT-Toll and EPC space.
  

Stock Fundamentals

• Market Cap: ₹ 7,458 Cr.
  
• Stock P/E: 22.4 (Ind. P/E=23.7)
  
• Book Value: ₹ 168
  
• Dividend Yield: 0.56 %
  
• ROCE: 18.4 %; ROE: 12.6 %
  
• WEL has delivered good profit growth of 20.8% CAGR over last 5 years
  

Technicals

• Welspun Enterprises is trading near the important level of 539.
  
• Resistance levels: 545, 586, 619
  
• Support levels: 517, 487