Welspun Enterprises shares fell 1.12% Friday, while a recent company filing showed that a project stake-sale gain contributed to quarterly earnings and LiveMint reported price targets from PL Capital.
For the quarter ended Sept. 30, 2026, the Indian company reported unaudited consolidated revenue from operations of ₹1,035 crore and earnings before interest, taxes, depreciation and amortization (EBITDA) of ₹425 crore, according to its filing to the National Stock Exchange of India. The filing said both totals included a ₹194 crore gain from selling its 51% stake in the Mukarba Chowk–Panipat project.
Excluding that gain, revenue was ₹841 crore and EBITDA ₹231 crore, with a 26.2% EBITDA margin, the filing said. Those adjusted figures remove the project-sale contribution from the reported totals. Sandeep Garg, Welspun Enterprises' managing director, described the company's model as “recognizing profits first during the construction phase,” followed by equity returns through project monetization, according to the results materials.
LiveMint reported Nov. 13 that PL Capital recommended buying Welspun Enterprises shares, with targets of ₹785 and ₹835 and a ₹650 stop-loss. The outlet said the brokerage's technical reading identified support near ₹625 and a later low above an earlier one after a retreat from about ₹830. LiveMint separately cited experts who viewed a reversal in the relative strength index (RSI) as a momentum signal.
At 3:20 a.m. ET Friday (1:50 p.m. IST), LiveMint reported shares at ₹701.35 on the Bombay Stock Exchange (BSE), down 1.12% for the session. The outlet also said the stock had gained 23% in three months. That rise covered a longer period than the reported one-day decline. From ₹701.35, the targets are about 11.9% and 19.1% higher, respectively, based on EconoTimes calculations. LiveMint cited 12.6% upside but did not identify the reference price for that calculation or give a time horizon for the targets.
