Nuvama Recommends Welspun Corp: 32% Upside, 272% Return in 3 Years!

• Nuvama initiated 'Buy' rating on Welspun Corp Ltd., projecting a 32.2% upside with a target price of ₹1,028.
• The company has delivered a 272% return in the last 3 years and aims to expand into building materials via Sintex.
• Welspun Corp plans to launch 'game changer' Sintex OPVC product and acquired Weetek Plastics Pvt. Ltd.
• Nuvama expects benefits from a ₹5,500 crore CAPEX program from FY27, improving margins and return ratios by FY28.
• Revenue and EBITDA are projected to grow at a CAGR of 21% and 22% respectively during FY25–28.

Why It Matters: Nuvama sees significant upside for Welspun Corp due to strategic expansion and strong growth projections.