Short term swing trade (A): Metals & Mining stock | Indian stock trading calls on 7 Jul 2026

NOTE

Closing Price: ₹1,543 (as of Jul 06, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Welspun Corp Limited was founded in 1995 and is one of India’s leading manufacturers of steel pipes and infrastructure products. The company supplies pipes for oil, gas, and water transportation, along with ductile iron pipes, steel bars, plastic pipes, water tanks, and other building materials. It serves industries such as energy, infrastructure, defence, and construction, with operations across India, the US, and several international markets.

Q4 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Strong FY26: Revenue reached ₹17,000 crore, while full-year profit rose 42% YoY. Q4 profit declined due to a one-time tax adjustment.
Huge order book: Orders worth ₹25,000+ crore provide strong revenue visibility through FY28.
Confident FY27 outlook: Management expects ₹20,000 crore revenue and ₹2,850 crore EBITDA, around 20% growth.
Expansion underway: Four new plants in the US, Saudi Arabia, and Middle East are expected to boost capacity by FY28.
Growth drivers: Plastic pipes, water tanks, and Middle East water projects are growing, while the domestic power sector is recovering.

Financial Highlights

Metric	Q4 FY26 (Mar '26)	Q3 FY26 (Dec '25)	Q4 FY25 (Mar '25)	QoQ Change	YoY Change
Revenue from Operations	4,313	4,532	3,925	▼ 4.8%	▲ 9.9%
EBITDA (Operating Profit)	504	616	460	▼ 18.2%	▲ 9.6%
EBITDA Margin (OPM %)	12%	14%	12%	▼ 200 bps	NA
Net Profit (PAT)	371	456	699	▼ 18.6%	▼ 46.9%
EPS (₹)	14.04	17.16	26.62	▼ 18.2%	▼ 47.3%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

Following a rounding bottom breakout, the stock witnessed a strong rally and is now consolidating within a narrow range.
If buying momentum resumes from the current levels, the stock could break out of this consolidation and extend its upward move in the near term.

Working with a SEBI registered investment advisor ensures every move is backed by research, not random speculation

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	65.44	Neutral
CCI-14	139.31	Overbought
MFI	86.85	Overbought
ROC	11.07	Positive
Stochastic %K	69.99	Neutral
William %R	-9.66	Overbought

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	1491	Above
10 EMA	1472	Above
20 EMA	1439	Above
50 EMA	1324	Above
100 EMA	1189	Above
200 EMA	1049	Above

Conclusion

Welspun Corp Stock Price Forecast

Based on our swing trading strategies, the Welspun Corp stock price target will be INR 1630 - INR 1650 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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