Nuvama Recommends Welspun Corp: 32% Upside Potential Predicted

• Nuvama initiates a 'buy' rating on Welspun Corp Ltd. with a price target of ₹1,028, projecting a 32.2% upside.
• The company has a strong presence in metal pipes and is expanding into building materials with Sintex, including the new Sintex OPVC product.
• Welspun Corp plans to leverage its robust capacity for infrastructure growth in India and energy independence efforts in the US.
• Nuvama expects benefits from a ₹5,500 crore capex program by FY27, with improved margins and return ratios by FY28.
• Revenue and EBITDA are projected to compound at 21% and 22% respectively over FY25-28, supported by strong Q2 results.

Why It Matters: Nuvama sees Welspun Corp as a strong 'buy' with significant growth potential due to strategic expansion and robust financials.