Welspun Corp. Experiences Revision in Score Amid Strong Performance Metrics

Jan 04 2025 09:20 AM IST
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Welspun Corp. has recently been added to MarketsMojo's list following a revision in its score, reflecting the company's strong market performance. Despite reaching an all-time high stock price of Rs. 835, it underperformed its sector on the same day. The stock has shown impressive growth over the past year, significantly outpacing the Sensex.
Welspun Corp., a prominent player in the Steel/Sponge Iron/Pig Iron industry, has recently experienced a revision in its score by MarketsMOJO. This adjustment comes on the heels of the stock reaching an all-time high of Rs. 835 on January 4, 2025. Despite this milestone, the stock has underperformed its sector by a margin of 2.44% on the same day.

In terms of performance metrics, Welspun Corp. has demonstrated a robust one-year performance of 44.45%, significantly outpacing the Sensex, which recorded a gain of 11.02%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend in its price movement.

Additionally, Welspun Corp. has been added to MarketsMOJO's list, reflecting a noteworthy recognition in the market. Investors and analysts alike will be keen to observe how these developments influence the stock's trajectory in the coming days.
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