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Welspun Corp Ltd rose for a third straight session today. The stock is quoting at Rs 1366.9, up 3.63% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.07% on the day, quoting at 23930.5. The Sensex is at 75999.31, down 0.01%. Welspun Corp Ltd has added around 11.46% in last one month.
Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 5.15% in last one month and is currently quoting at 13492.55, up 1.67% on the day. The volume in the stock stood at 8.05 lakh shares today, compared to the daily average of 9.06 lakh shares in last one month.
The PE of the stock is 41.44 based on TTM earnings ending March 26.
For the full year,net profit declined 15.46% to Rs 1613.05 crore in the year ended March 2026 as against Rs 1908.14 crore during the previous year ended March 2025. Sales rose 19.98% to Rs 16770.14 crore in the year ended March 2026 as against Rs 13977.54 crore during the previous year ended March 2025.
Metal stocks extended gains for two consecutive sessions.
At 11:25 IST, the barometer index, the S&P BSE Sensex added 57.49 points or 0.09% to 75,383.55. The Nifty 50 index rose 56.10 points or 0.18% to 23,713.40.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.30% and the BSE 250 SmallCap Index jumped 0.70%.
The market breadth was strong. On the BSE, 2,526 shares rose and 1,281 shares fell. A total of 230 shares were unchanged.
In the commodities market, Brent crude for July 2026 settlement advanced $1.07 or 1.02% to $106.09 a barrel.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.3200 compared with its close of 96.8600 during the previous trading session.
Buzzing Index:
The Nifty Metal index jumped 0.56% to 13,259.95. The index increased 0.73% in the two consecutive trading sessions.
Welspun Corp (up 2.4%), Hindalco Industries (up 1.62%), Hindustan Copper (up 1.29%), National Aluminium Company (up 1.27%), Tata Steel (up 1.13%), Adani Enterprises (up 1.06%), Hindustan Zinc (up 0.76%), Lloyds Metals & Energy (up 0.64%), NMDC (up 0.43%) and Jindal Stainless (up 0.37%) surged.
Stocks in Spotlight:
Honeywell Automation India surged 10.88% after the company reported a 14.15% increase in standalone net profit to Rs 159.7 crore in Q4 FY26, compared with Rs 139.9 crore in Q4 FY25.
Ola Electric Mobility dropped 4.09% after the company reported weak Q4 FY26 performance despite improvement in gross margins, operating efficiency and cash flow. The company posted a consolidated net loss of Rs 500 crore in Q4 FY26 compared with a net loss of Rs 870 crore in Q4 FY25 and Rs 487 crore in Q3 FY26. Revenue from operations declined 56.6% YoY and 43.6% QoQ to Rs 265 crore in the March 2026 quarter.
Global Markets:
Asia-Pacific market opened higher on Thursday, following overnight gains on Wall Street amid hopes of a possible resolution to the Middle East conflict.
U.S. President Donald Trump said that Washington was in the “final stages” of negotiations with Iran, according to media reports, helping lift investor optimism.
Japan’s Nikkei 225 jumped over 3% after the release of the country’s latest trade data. Exports rose at the fastest pace since January, rising 14.8% in April, driven by surge in semiconductor shipments. Imports grew 9.7% year-on-year, higher than an expected 8.3% rise, according to government data. The country’s trade balance narrowed to 301.9 billion yen in April, from 643 billion yen in March.
Overnight in the U.S., The Dow Jones Industrial Average advanced 645.47 points, or 1.31%, closing at 50,009.35. The S&P 500 rose 1.08% to 7,432.97, while the Nasdaq Composite added 1.54% and ended at 26,270.36.
With this latest order, the company's consolidated global order book now stands at Rs 25,350 crore (approx. US$ 2.6 billion).
The above order book will be executed during FY27 and FY28.
The newly secured orders are scheduled for execution during FY27 and FY28.
Welspun Corp is one of the largest manufacturers of large-diameter pipes globally and has established a global footprint across six continents and fifty countries by delivering key customised solutions for both onshore and offshore applications. The company also manufactures Ductile Iron (DI) pipes, TMT (Thermo-Mechanically Treated) rebars, BIS-certified steel billets, stainless steel pipes and tubes & bars.
The company’s consolidated net profit fell 32.9% to Rs 452.59 crore on a 25.4% increase in revenue from operations to Rs 4,532.48 crore in Q3 FY26 over Q3 FY25.
The counter slipped 1.25% to Rs 1,346.50 on the BSE.
CEAT Ltd, Welspun Corp Ltd, Garden Reach Shipbuilders & Engineers Ltd, Indraprastha Gas Ltd are among the other stocks to see a surge in volumes on BSE today, 29 April 2026.
Star Health & Allied Insurance Company Ltd recorded volume of 3.64 lakh shares by 10:47 IST on BSE, a 20.65 times surge over two-week average daily volume of 17632 shares. The stock gained 6.37% to Rs.550.00. Volumes stood at 14192 shares in the last session.
CEAT Ltd registered volume of 1.06 lakh shares by 10:47 IST on BSE, a 13.76 fold spurt over two-week average daily volume of 7737 shares. The stock rose 6.69% to Rs.3,752.70. Volumes stood at 5219 shares in the last session.
Welspun Corp Ltd witnessed volume of 15.51 lakh shares by 10:47 IST on BSE, a 7.06 times surge over two-week average daily volume of 2.20 lakh shares. The stock increased 3.48% to Rs.1,269.55. Volumes stood at 31116 shares in the last session.
Garden Reach Shipbuilders & Engineers Ltd registered volume of 8.23 lakh shares by 10:47 IST on BSE, a 5.08 fold spurt over two-week average daily volume of 1.62 lakh shares. The stock rose 10.54% to Rs.3,178.35. Volumes stood at 1.74 lakh shares in the last session.
Indraprastha Gas Ltd saw volume of 47.42 lakh shares by 10:47 IST on BSE, a 4.7 fold spurt over two-week average daily volume of 10.10 lakh shares. The stock increased 1.11% to Rs.168.20. Volumes stood at 1.39 lakh shares in the last session.