Welspun Living Share Price Jumps As Jefferies Initiates 'Buy'
Jefferies has given Welspun Living a 'buy' rating with a target price of Rs 185.
Welspun Living Ltd.'s share price surged by nearly 7% following Jefferies' initiation of coverage on the company. Jefferies has given Welspun Living a 'buy' rating with a target price of Rs 185, highlighting the company's strong foothold in the US market and the potential benefits from India's trade agreements with the US and EU.
The brokerage firm anticipates an 18% EPS CAGR for Welspun Living over FY25-28, despite a muted FY26 due to near-term tariff uncertainties.
Welspun Living has a robust manufacturing capability, with one of the largest home textiles facilities globally. "The US is WL's largest market, where it has a marquee clientele like Walmart and Costco with long-term partnerships and deep integration," Jefferies stated.
Jefferies expects a subdued first half in fiscal 2026 for Welspun due to tariff uncertainty, but anticipates a recovery in the second half and beyond. "WL is a play on India's growing attractiveness for manufacturing and is a key beneficiary of potential FTAs with the US and the EU," Jefferies said.
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Welspun Living Gets Jefferies' 'Buy' Initiation On Strong US Presence, Potential Trade Deal Benefits
Welspun Living Share Price Today
The scrip rose as much as 6.97% to Rs 143.25 apiece. It pared gains to trade 4.06% higher at Rs 139.35 apiece, as of 10:23 a.m. This compares to a 0.38% decline in the NSE Nifty 50.
It has risen 7.19% in the last 12 months. Total traded volume so far in the day stood at 5.8 times its 30-day average. The relative strength index was at 50.
Out of 10 analysts tracking the company, seven maintain a 'buy' rating and three recommend a 'hold', according to Bloomberg data. The average 12-month consensus price target implies an upside of 26.5%.
