WELSPUNLIV

** Shares of Indian textile firms jump after U.S. President Donald Trump says his administration is continuing negotiations to address trade barriers with India

** Trump and Prime Minister Narendra Modi will likely talk in "upcoming weeks," raising hopes of a deal after weeks of discord

** Welspun Living WLSP.NS leads gains, up 8.6%, followed by Gokaldas Exports GOKL.NS, up 6.8%

** Vardhman Textiles VART.NS, Arvind ARVN.NS, KPR Mill KPRM.NS rise 5%, 3.3% and 2.1%, respectively

** Alok Industries ALOK.NS, Trident TRIE.NS and Indo Count ICNT.NS up 5.4%, 5.3% and 5.5%, respectively

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.; the country is the biggest market for India's garment exporters

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Indian textile firms mixed after country extends import duty exemption on cotton to Dec 31

** Duty exemption lets companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand - Cotton Association of India

** Vardhman Textiles VART.NS gains nearly 10% , while Gokaldas Exports GOKL.NS shares trade flat

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 3.3%, 2.6% and 1.3%, respectively

** Stocks had fallen 1–5% on Tuesday ahead of U.S. tariff roll out

** Indian exports now face U.S. tariffs of up to 50% —among the highest imposed by Washington - disrupting trade with its largest export market

(Reporting by Urvi Dugar)

(([email protected]))

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Aug 5 - By Nidhi C Sai, Editor Online Production, with global Reuters staff

Trump's trade punches on India appear to be heavy. A sweeping 25% tariff on key exports from the nation and a threat to "substantially" raise it over its Russian oil purchases look set to upend months of negotiations and squeeze labour-intensive sectors in the world's fifth-largest economy.

While those moves are making some Indian companies ponder their future, U.S. firms are unlikely to blink. From Apple AAPL.O to Google, big names are doubling down on India and betting on its long-term promise despite the rising geopolitical heat. That's our focus this week.

We also detail how a Chinese missile, an intelligence lapse, and a surprise strike helped Pakistan shoot down a Rafale fighter jet, marking one of the most dramatic air battles in years. Scroll down for more on that.

THIS WEEK IN ASIA

** South Korea, US prepare for summit with details of trade deal unresolved

** China's independent oil firms elbow into Iraq's majors-dominated market

** Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says

** China's solar giants quietly shed a third of their workforces last year

** Old trees and ageing farmers worsen outlook for top palm oil exporters

KICKED IN THE TEETH BY US TARIFFS

India is bracing for fresh pain on trade as U.S. President Donald Trump imposed 25% tariffs on a wide range of its goods, treating Asia's third-largest economy more harshly than other major U.S. partners.

And in a move that India said was unjustified, Trump threatened to raise tariffs again over its purchase of oil from Russia.

The tariff imposition is expected to ripple through India's export engine. High-employment sectors, especially readymade garments, gems, jewellery, electronics and marine products, face steep duties in their crucial U.S. market.

"While further trade talks may bring the tariff rate down, it appears unlikely that India will secure a significantly better outcome than its eastern neighbours," said Priyanka Kishore, an economist at Asia Decoded.

Economists warn of a near-term hit to India's growth and sentiment. The rupee weakened after last week's announcement, and some analysts expect up to 40 basis points shaved off GDP in the year to March 2026 if the tariffs stay.

"If these tariffs remain in place, they could undermine India's growing appeal to businesses seeking trade diversion in low-value-added manufacturing sectors," said Raphael Luescher, Co-Head of EM equities at Vontobel.

India's $45.7 billion trade surplus with the U.S., which is equivalent to 1.2% of GDP in 2024, has been a major source of resilience amid global slowdowns. Halving that, some analysts say, could dent the 'safe haven' narrative that's helped India attract global capital even as China cools.

The most immediate pain is in workforce-heavy sectors. Apparel exporters such as Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, and Indo Count ICNT.NS, who send up to 70% of their output to the U.S., have warned of potential order losses and delayed expansion. Diamond and jewellery firms too are forecasting a slump in shipments ahead of the vital holiday season. The U.S. is India's largest market for garments and jewellery, with nearly $22 billion in exports in 2024.

"A blanket tariff of this magnitude will inflate costs, delay shipments, distort pricing, and place immense pressure on every part of the value chain, from lower-level worker to large manufacturers," said Kirit Bhansali, chair of the Gem & Jewellery Export Promotion Council.

The Indian government, under pressure to protect farmers ahead of elections in a key state, has refused to concede on agricultural access - a major U.S. demand. That has stalled trade talks despite months of backchannel engagement. In Parliament, trade minister Piyush Goyal said India remains committed to "protecting and promoting the welfare" of its farmers and entrepreneurs.

US FIRMS LIKELY TO STAY THE COURSE

Even as Trump's latest tariffs threaten to disrupt India's China-plus-one ambitions, U.S. corporate confidence in the country is expected to remain firm, driven by its vast consumer market and limited manufacturing and investment ties to Beijing.

Apple has become more reliant than ever on India to feed its U.S. supply chain. Nearly all of Foxconn's 2317.TW $3.2 billion worth of iPhones exported from India between March and May went to the U.S. Between April and June, 71% of iPhones sold in the U.S. were India-made, up from just 31% a year ago.

"Making supply chain adjustments, particularly with new iPhone models nearing release, is unlikely due to the complex factors involved," said Tarun Pathak of Counterpoint Research. "It is expected to be business as usual."

Apple is not alone. Alphabet's GOOGL.O Google is investing $6 billion in Andhra Pradesh to build Asia's largest data center by capacity, including $2 billion in renewable energy. Drugmaker Amgen's AMGN.O CEO said in February the company will invest about $200 million in an AI-driven innovation hub in southern India, and Tesla TSLA.O launched its Model Y SUV in Mumbai just last month, despite import tariffs in India that can exceed 100% on cars.

U.S. retailer Costco COST.O is also joining the fray, with plans to open its first Global Capability Centre in Hyderabad, focused on technology and research operations that will initially employ 1,000 people and scale up.

India's growing local component ecosystem, wage levels around half of China's, and federal incentives make it more cost-competitive than ever, especially in tech and electronics manufacturing. In sectors such as pharmaceuticals and chemicals, exposure to the U.S. remains high, but players are already seeking workarounds or shifting supply chains to protect earnings.

In this standoff, short-term pain may sting India, but long-term positioning is still in play. Talks are expected to resume in mid-August, and while a quick breakthrough may not materialise, analysts say the fundamentals of India's economic story remain intact.

Sign up for the Reuters Tariff Watch newsletter here.

Can India shield its politically sensitive farm sector and stop its Russian oil purchases while keeping its trade ties with Washington from unravelling? Or will economic pragmatism force a compromise in the face of Trump's tariff shock? Write to me at [email protected].

THE WEEK'S MUST READ

A Chinese-made missile and an intelligence lapse helped Pakistan shoot down a Rafale fighter jet during a major India-Pakistan aerial clash in May, officials said. The Pakistani J-10C fired a PL-15 missile from around 200 km (124.3 miles), farther than Indian pilots had expected, after Delhi underestimated the missile's true range. The hour-long battle, involving about 110 aircraft, followed Indian strikes on Pakistan after a deadly militant attack in Indian Kashmir.

Pakistan used a "kill chain" linking Chinese jets, radar, and surveillance planes to track Indian aircraft without detection.

The incident raised doubts over Western fighter jets' dominance and boosted interest in Chinese alternatives like the J-10.

Dive into this insight by Reuters journalists Saeed Shah and Shivam Patel on how Pakistan brought down India's top fighter jet with Chinese tech.

MARKET MATTERS

Indian banks are tightening consumer lending just as rate cuts kick in, raising fears that cautious credit and weak household finances could dampen a consumption-led recovery.

Lenders are slowing disbursals for personal loans, credit cards, and vehicle financing. Growth in these segments slipped to single-digit percentage in May, from between 15% and 26% a year earlier, Reserve Bank of India data showed.

Top privately owned banks such as HDFC Bank HDBK.NS, ICICI Bank ICBK.NS, Axis Bank AXBK.NS, and Kotak Mahindra Bank KTKM.NS as well as large non-bank lender Bajaj Finance BJFN.NS have seen bad loans rise in the April-June quarter, hitting their bottom lines.

Read this in-depth report by Reuters journalists Jaspreet Kalra and Ashwin Manikandan.

(Reporting by Nidhi C Sai; Editing by Muralikumar Anantharaman)

(([email protected]; +91 70456 55251))

By Manoj Kumar, Rajendra Jadhav and Dhwani Pandya

NEW DELHI/MUMBAI, July 31 (Reuters) - India's apparel and jewellery exporters are bracing for a drop in orders from their biggest market and could cut jobs after U.S. President Donald Trump announced a 25% tariff on Indian imports starting on Friday, industry executives said.

Several garment exporters, who had hoped for a bilateral trade deal and were preparing for a rise in orders from U.S. retailers such as Walmart and Costco, have now halted expansion plans as they await the outcome of negotiations, they said.

Key garment exporters including Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, Indo Count ICNT.NS and Trident TRIE.NS, make 40%-70% of their sales in the United States. Higher tariffs could shift orders to Vietnam, which now has lower U.S. duties of 20%.

The United States is India's largest market for garment and jewellery, with nearly $22 billion in exports in 2024. India has a 5.8% share in the U.S. garment market, behind China, Vietnam and Bangladesh.

"We were getting ready for expansion, expecting 10%-15% tariffs under the U.S. deal," said Gautam Nair, director at Matrix Design and Industries Pvt Ltd, a subsidiary of India's largest garment exporter Gokaldas Exports.

Gokaldas U.S. clients include GAP, Walmart WMT.N and JCPenney.

"Trump's tariff announcement has come as a shock, and if implemented, the 25% duty will severely impact exports," Nair said, adding that India's apparel sector already faces higher costs than leading competitors Bangladesh and Vietnam.

'IMMENSE PRESSURE'

In Tirupur, a textile hub in southern Indian concerns are mounting, with exporters pinning their hopes on a bilateral trade deal to put a quick end to the uncertainty.

The two countries are still holding talks in a bid to reach a deal.

"If U.S. business declines, factories will start poaching each other's customers," said Naveen Michael John, executive director at Cotton Blossom India, which supplies Walmart and Bass Pro Shops.

India's gems and jewellery sector, also heavily reliant on U.S. buyers, is already under pressure. Exports of cut and polished diamonds sank to their lowest in nearly two decades in the 2024/25 fiscal year due to weak U.S. and Chinese demand.

The U.S. accounts for nearly one-third of India's $28.5 billion in annual gems and jewellery exports.

"A blanket tariff of this magnitude will inflate costs, delay shipments, distort pricing, and place immense pressure on every part of the value chain - from lower level worker to large manufacturers," said Kirit Bhansali, chair of the Gem & Jewellery Export Promotion Council (GJEPC).

Looking ahead to the U.S. holiday season, exporters are urging the government to find a way to restore stability before September, giving them time to ramp up seasonal production.

"Without a trade deal, exports won't recover," said one jewellery exporter in Surat, India's diamond-polishing hub.

"We'll be forced to cut production and jobs."

(Reporting by Manoj Kumar, Rajendra Jadhav, Dhwani Pandya;
Editing by Helen Popper)

(([email protected]; +919810286200; Twitter:@manojgulnar;))

July 1 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN HOME SOLUTIONS COMMENCES COMMERCIAL PRODUCTION FOR PHASE 1

Source text: ID:nNSEbL5kbD

Further company coverage: WLSP.NS

(([email protected];;))

** Textile manufacturer Welspun Living WLSP.NS rises 3.8% to 139 rupees

** Jefferies initiates coverage of the stock with 'buy', PT at 185 rupees - implying 33% upside to current price

** Says, WLSP would be a key beneficiary of India's potential trade deals with the U.S. and EU

** The U.S. is WLSP's largest market; the co has marquee clientele that includes Walmart and Costco and deep integration - Jefferies

** Adds, although tariffs are a near-term headwind, WLSP is still better placed due to lower tariffs on India

** Jefferies expects WLSP to also benefit from diversifying to new categories such as advanced textiles and flooring, as its emerging segments are clocking faster revenue growth than its core home textile segment

** WLSP rated 'strong buy' on average by 8 analysts; median PT at 185 rupees - LSEG data

** WLSP shares up ~7% in the last 12 months, including session's gains

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

May 29 (Reuters) - Welspun Living Ltd WLSP.NS:

• MARCH-QUARTER CONSOL NET PROFIT 1.32 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 26.46 BILLION RUPEES

• DIVIDEND 1.7 RUPEES PER SHARE

• TO ACQUIRE 84.28% IN DRAPE STORY INTERIORS

• DEAL FOR 145.7 MILLION RUPEES

Source text: ID:nnAZN3WUVWJ

Further company coverage: WLSP.NS

(([email protected];;))

** India's textile stocks surge for second consecutive session after Britain and India clinch landmark trade deal

** Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, and S.P. Apparel SPAP.NS jump 7.4%-7.6%, all three hit three-month highs

** KPR Mill KPRM.NS jumps over 6% to hit lifetime high

** The deal, between the world's fifth and sixth largest economies, has been concluded after three years of stop-start negotiations and aims to increase bilateral trade by a further 25.5 billion pounds ($33.90 billion) by 2040

** UK imports ~$25 billion of textiles per year, which is dominated by China (21%) and Bangladesh (13%), while India's share is 5%-6%, Jefferies says

** The new deal, which paves way for zero tariffs on most textile imports into UK, puts Indian companies at par with Bangladesh and Pakistan, and at an advantage compared to China - brokerage

** Among other textile stocks, Trident TRIE.NS, Arvind Ltd ARVN.NS, and Alok Industries ALOK.NS up 2.6%, 3.4%, and 5.5%, respectively

($1 = 0.7522 pounds)

(Reporting by Vivek Kumar M)

(([email protected]))

Oct 28 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING LTD SEPT-QUARTER CONSOL NET PROFIT 2.01 BILLION RUPEES

• WELSPUN LIVING LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 28.73 BILLION RUPEES

• WELSPUN LIVING - PROJECT TERRY TOWEL PHASE 1 EXPECTED TO BE COMMISSIONED BY Q3FY25

• WELSPUN LIVING - APPROVED TOTAL CAPEX 10.50 BILLION RUPEES FOR PUTTING UP NEW TOWEL, BEDSHEET CAPACITY

• WELSPUN LIVING - APPROVED TOTAL CAPEX 10.50 BILLION RUPEES IN UNIT

Source text: [ID:]

Further company coverage: WLSP.NS

(([email protected];))

** Shares of home textiles maker Welspun Living WLSP.NS rise 3.2% to 183.6 rupees

** Co late on Tuesday said its unit Welspun USA approved acquisition of home textiles maker Christy Home

** Acquisition conducted at Christy Home's face value of $300,000, Welspun said

** After the acquisition, co's unit will trade in home textiles products of Christy brand in the U.S.

** With session's gains, stock extends YTD jump to 26%

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Sept 17 (Reuters) - Welspun Living Ltd WLSP.NS:

• UNIT APPROVED ACQUISITION OF CHRISTY HOME INC

Source text for Eikon: ID:nNSE6sdg0r

Further company coverage: WLSP.NS

(([email protected];;))

Sept 10 (Reuters) - Welspun Living Ltd WLSP.NS:

• INVESTMENT IN WELSPUN BHARGAVI

• INVESTMENT FOR SETTING-UP OF 4.60 MWP SOLAR POWER PLANT AT TELANGANA

• INVESTMENT OF 11.5 MILLION RUPEES

• PROPOSES TO ENTER INTO POWER PURCHASE AGREEMENTS WITH WBPL FOR 6.5 MILLION RUPEES

Source text for Eikon: ID:nBSEbMHLWh

Further company coverage: WLSP.NS

(([email protected];;))

** Shares of Welspun Living WLSP.NS fall as much as 4.5% to 198 rupees, last down 3.1%

** Shares changed hands in multiple block deals in range of 206.2-212.1 rupees a share, per LSEG data

** Stock opened 2.3% higher

** WLSP eyes busiest trading session since Oct. 2023

** Overall more than 28 mln shares traded, volumes at 4.4x the 30-day avg

** Analysts' avg rating on stock is "Buy", median PT is 210 rupees

** Including session's gains, stock up ~39% YTD

($1 = 83.8780 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Indian textile companies and garment makers surge between 3-11%

** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%

** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%

** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers

** Bangladesh was the third-largest clothing exporter in the world last year

** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix

** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of home textiles maker Welspun Living WLSP.NS rise as much as 4.6% to 181.70 rupees

** Co reported a 15% rise in June-qtr consolidated net profit to 1.86 billion rupees ($22.2 million)

** WLSP also approved share buyback of 2.78 billion rupees

** Average analyst rating on the stock is buy; median PT is at 180 rupees - LSEG data

** Stock last up 4.2%, taking YTD gains to 25.2%

($1 = 83.7021 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

(([email protected];))

July 1 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING LTD - PROPOSES TO ENTER IN PPA WITH BHARGAVI RENEWABLE FOR SUPPLY OF RENEWABLE POWER FOR PERIOD OF 25 YRS

• WELSPUN LIVING LTD - TO MAKE EQUITY INVESTMENT FOR UPTO 40 MILLION RUPEES TO BUY ABOUT 26.33% STAKE IN SPV

Source text for Eikon: [ID:]

Further company coverage: WLSP.NS

(([email protected];))

April 25 (Reuters) - Welspun Living Ltd WLSP.NS:

• MARCH-QUARTER CONSOL NET PROFIT 1.46 BILLION RUPEES VERSUS PROFIT 1.25 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 25.75 BILLION RUPEES VERSUS 21.54 BILLION RUPEES

Further company coverage: WLSP.NS

(([email protected];))

March 15 (Reuters) - Welspun Living Ltd WLSP.NS:

• UNIT APPROVED INVESTMENT WORTH UPTO 17.6 MILLION RUPEES IN WELSPUN BHARGAVI

• INVESTMENT FOR SETTING-UP OF ABOUT 8.10 MWP SOLAR POWER PROJECT

Source text for Eikon: ID:nBSEbQ2Stl

Further company coverage: WLSP.NS

(([email protected];))

Jan 31 (Reuters) - Indian textiles firm Welspun Living WLSP.NS reported a four-fold rise in its third-quarter profit on Wednesday as consumers bought more home furnishings during the festive period, sending its shares to a record high.

The company's consolidated net profit rose to 1.77 billion rupees ($21.3 million) for the three months ended Dec. 31 from 423.8 million rupees a year earlier.

Consumers shelled out more on home textiles and furnishings during the festive period, which lasted for a majority of the third quarter.

Margins on earnings before interest, taxes, depreciation, amortisation (EBITDA) expanded to 15.6% from 12% a year earlier.

The company's total revenue rose 29% to 24.11 billion rupees, with international sales contributing 70% to the total.

Revenue from the home textiles segment - its largest - which includes bed sheets, rugs and carpets, grew 94.5%.

Welspun Living, a unit of Mumbai-based conglomerate Welspun Group and one of the country's largest home textiles exporters, said its international business grew 36% for the quarter. Around 70% of its customers were based in the United States, it said earlier.

The company's shares, which had gained nearly 19% in the December quarter, jumped more than 8% to hit a record high on Wednesday after its results.

($1 = 83.0150 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru; Editing by Sonia Cheema)

(([email protected];))

** Shares of household textile maker Welspun Living WLSP.NS settle 11.2% higher at 142.2 rupees, their biggest one-day jump since May 2

** WLSP's Q2 profit jumps to 1.97 bln rupees ($23.68 mln) from 86.7 mln rupees y-o-y on strength in its mainstay home textile business

** Co showed resilience on domestic front during Q2 despite weak retail market sentiments - WLSP

** WLSP says entering into a joint venture to provide 47MW of solar and wind energy at Anjar facility in Gujarat state by 2026

** More than 30 mln shares traded, 12.7x their 30-day avg

** Including day's gains, stock up 84%.4 YTD

($1 = 83.1775 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Shares of Welspun India WLSP.NS up as much as 5.75% at 115.95 rupees, their highest since Feb. 18, 2022

** Stock set for second consecutive session of gains if trends hold

** Arihant Capital expects co's topline to expand 10-12% with 15% EBITDA margins in FY25

** Antique raises its earnings estimate for FY24/25 by 10%/2%, citing optimistic margin, demand outlook; cuts PT to 129 rupees from 108 rupees

** Four of six brokerages rate stock "buy" or above, two "hold;" median PT is 110 rupees - Refinitiv

** About 13.3 million shares change hands as of 1:29 p.m. IST, 3.7x 30-day average of 3.6 million shares

** Stock up ~42% this year, as of last close

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Welspun India Ltd WLSP.NS rise as much as 10.7% to 111 rupees, highest since March 14, 2022

** Textiles manufacturer says June-qtr consolidated net profit rose more than seven times y/y to 1.62 bln rupees ($19.69 mln); revenue rose 11%

** Trading volume at ~12 mln shares, 4.6x the 30-day avg of ~2.6 mln shares as of 2:30 p.m. IST

** Average rating of six analysts covering stock equivalent to 'buy'; median PT is 109 rupees - Refinitiv data

** Stock last up 41% YTD

($1 = 82.2560 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))

** Welspun India WLSP.NS rallies as much as 19.9% to new 52-wk high of 105 rupees in busiest day in over 5 years

** But stays below textile firm's stock buyback price of 120 rupees

** Nearly 44 mln shares traded in the stock's most active session since Jan 2018

** Co approved a 1.95 billion rupees (~$24 mln) buyback of shares at 120 rupees per share

** Six analysts covering the stock rate it "buy" on average; median PT is 103 rupees - Refinitiv data

** Stock currently up 15.1%, taking YTD gains to 30.8%

($1 = 81.8530 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

April 27 (Reuters) - Welspun India Ltd WLSP.NS:

• UNDER REELING GLOBAL ECONOMY AND SUBDUED COSTUMER SENTIMENT, WE BELIEVE IT MIGHT TAKE A COUPLE OF QTRS FOR NORMAL DEMAND TO COME BACK

Source text for Eikon: ID:nNSE1rPVpx

Further company coverage: WLSP.NS

(([email protected];))

** Shares of Welspun India Ltd WLSP.NS rise as much as 4.70% a near 1-year high of 86.90 rupees, extending April rally

** Textile products maker to consider share buyback and FY23 dividend at April 27 board meeting, when it also reports results

** Trading vol of 2-mln-plus shares tops 30-day avg

** Stock has rallied ~34% in April, set for its best month since July 2021

** However a 4-month losing run before that means the stock is up only ~11% so far this year

** Six analysts split equally between 'buy' and 'hold' on WLSP - Refinitiv data

** Stock has been trading above analysts' median TP of 77 rupees since April 13

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

April 24 (Reuters) - Welspun India Ltd WLSP.NS:

• TO CONSIDER BUYBACK OF SHARES OF COMPANY

Source text for Eikon: ID:nBSE27FpJt

Further company coverage: WLSP.NS

(([email protected];))