Welspun Corporation’s stock has recently made headlines, soaring by 9% during intraday trading on Thursday, reaching a remarkable 52-week high. This surge is particularly noteworthy considering the shares opened at ₹814 on the Bombay Stock Exchange (BSE), slightly above the previous day’s closing figure of ₹810. Investors have been keenly watching this multibagger, which has shown impressive growth in the past few years.

Intraday Surge and Historical Performance

During Thursday’s trading session, Welspun Corporation’s share price climbed to an intraday peak of ₹889, resulting in gains exceeding 9%. This performance is all the more impressive when compared to the company’s 52-week low of ₹441 experienced in June 2024. Since then, the stock has more than doubled, currently hovering around ₹880.

• 5-Year Growth: Welspun Corporation’s stock has skyrocketed by 1109% over the last five years, providing substantial returns for investors.

Boost from New Orders

The recent uptick in share price can be attributed to increased investor confidence, largely driven by new order inflows. Welspun Corporation announced recently that it secured new contracts valued at approximately ₹2,400 crore for the supply of coated pipes intended for Natural Gas Pipeline Projects in the USA.

• Consolidated Order Book: Following the addition of these contracts, the company’s consolidated order book now stands at about ₹20,000 crore.
• Execution Timeline: The execution of these orders is anticipated to occur primarily during FY26 and FY27.

Market Position and Commitment

Welspun Corporation expressed that these recent contract wins further solidify its commanding position within the USA Oil & Gas market. The company emphasized that such achievements reflect the trust clients place in their capabilities. In a statement, Welspun Corporation reiterated its dedication to delivering high-quality products and exceptional service to its clientele.

This latest development positions Welspun Corporation as a key player in the industry, and investors will be watching closely as the company continues to expand its footprint in the natural gas sector. If you’re considering investment opportunities, this stock could be worth a closer look.

For more insights into the stock market trends, check out our articles on small-cap stocks and investment strategies.