Showing posts with label Top Stocks for Positional Trading. Show all posts
Showing posts with label Top Stocks for Positional Trading. Show all posts

Thursday 7 September 2017

Top Stocks for Positional Trading @ Welspun Corp Buy ( 7 Sep 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in WELCORP.

WELCORP is the stock which I would recommend to buy above Rs 146; this can see a upside to levels closer to Rs150 -152 zones, keep stop loss below Rs 140”.


Welspun Corp Limited is a welded line pipe manufacturing company engaged in offering solution in line pipes with a capacity to manufacture longitudinal submerge-arc welded (LSAW), spiral helical submerged arc welded (HSAW) and high frequency electric resistance welded (HFERW) high frequency induction (HFI) electrical resistance welded (ERW) pipes. The Company also offers coating, bending and double jointing facilities.

Margins for this quarter have been good, but some moderation in margins is expected in later part of the year & I expect the company to maintain trend of volumes of around millions of tonne for this financial year as well.

Although Saudi business will continue to be a bit of a drag. I expects the outlook to be little better in the quarters ahead than what it has been at the end of Q1.


WELCORP was closed 2.49 per cent up today at Rs 144.30 at NSE.

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