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Welspun India shares fell 8% today. Nuvama says risk-reward unfavourable

Welspun India shares fell 7.90 per cent to hit a low of Rs 131.05 on BSE. The stock is trading at 8 times two-year blended forward EV/Ebitda, which is well above its long-term average of 5.5 times.

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Welspun India shares jump 13% to hit one-year high after Q2 results; details here

On the domestic front, Welspun showed resilience during the quarter despite weak retail market sentiments, as a result of focus on continued expansion and also continued to be in positive margin space, Goenka added.

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