Securing Growth: New Rs 2,400 Crore Order Strengthens Global Presence

During the September to June quarter, FIIs increased the stake to 11.65 per cent from 10.51 per cent during the March to June quarter. Meanwhile, DIIs during the same period increased the stake from 9.74 per cent to 11.41 per cent.

The company's order book stands at Rs 9,056 crore as of March 31, 2024.

The stock is up by 90 per cent in just 1 year whereas BSE Sensex Index is up by 20 per cent.

The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Industrials Index is up by 84 per cent.

The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Industrials Index is up by 84 per cent.

The stock gave multibagger returns of 155 per cent in just 1 year whereas BSE Industrials Index is up by 82 per cent.

Shares of the company gained more than 80 per cent in the last six months.

Shares of the company gained more than 100 per cent in the last six months.

Profit after Tax after factoring in minorities, associates, and JVs recorded a significant upswing of 775 per cent, totalling Rs. 385 crores. The company's strategic partnerships are also contributing positively, as evidenced by an impressive 820 per cent YoY growth in the share of profit from Associates and JVs.

The stock gave multibagger returns of 110 per cent in just 6 months whereas BSE Industrials Index is up by 47 per cent.

Shares of the company gained more than 140 per cent in the last six months.

Now, let's dive into the stock market spectacle that has accompanied Welspun's journey. The three jewels in its stock crown, namely Welspun India, Welspun Corp, and Welspun Enterprises, have showcased nothing short of a breathtaking performance

The company ranks among the world's largest welded line pipe manufacturers. 

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to witness a breakout.    

BSE Smallcap index also ended in the red territory at 25,645.68, down by 0.56 per cent.

The stock is up by nearly 29 per cent on a YTD basis while in the last one year, it has gained nearly 57 per cent.  

With the outperformance by the broader market indices and generally, April being one of the good months for the markets, there is going to be a problem for most traders; hence, we have selected a few stocks based on the T20 breakout system.