WELSPUNLIV

Adds pricing in the second paragraph, supplier countries in the fourth paragraph, trader comments from the 10th

By Rajendra Jadhav and Nikunj Ohri

MUMBAI/NEW DELHI, Aug 28 (Reuters) - India has extended an import duty exemption on cotton by three months, until the end of December, a government order showed on Thursday, as New Delhi seeks to support the local garment industry that has been hit by hefty U.S. tariffs.

The imports are likely to support global cotton prices CTc2, which erased losses and rose 0.2% after the order. However, they are likely to reduce demand for local cotton, pressuring domestic prices, market watchers said.

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11% duty until September-end and has now extended that to December 31.

The cotton is likely to be sourced from Australia, Brazil, the United States and Africa, which have a surplus available for export, industry officials said.

U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% on good such as garments and jewellery took effect on Wednesday.

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

The duty exemption until year-end will let Indian textile companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand, Atul Ganatra, president of the Cotton Association of India, told Reuters.

"With the duty-free extension, imports could hit a record 4.2 million bales this year. Strong imports are likely to continue into the first quarter of next year as well," Ganatra said.

India's cotton marketing year runs from October to September.

The earlier import window, ending in September, was too narrow, said a New Delhi-based trader with a global trading house.

Textile mills could not import cotton during that period, as the voyage from exporting countries typically takes more than a month. However, they can now place orders for large quantities for the subsequent period, the trader said.

The landed cost of imported cotton is nearly 5% to 7% lower than that of local supplies, and the quality is also superior, said a Mumbai-based trader.

"Most of the imports will arrive around the December quarter, just when the local crop hits the market. This is likely to push local prices down," the trader said.

(1 Indian bale = 170 kg)

(Reporting by Nikunj Ohri and Rajendra Jadhav; Editing by Sudipto Ganguly and Christopher Cushing)

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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)

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** Indian textile stocks down between 3% to 7%

** Gokaldas Exports GOKL.NS leads pack with 7% decline, Welspun Living WLSP.NS drops ~5%

** Vardhman Textiles VART.NS and Indo Count Industries ICNT.NS lose 3.2% and 3.8% respectively

** KPR Mill KPRM.NS and Trident TRIE.NS shed 2.5% each

** Drop after U.S. President Donald Trump slapped 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow

** Broader markets .NSEI, .BSESN down 0.7% .BO

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S. - brokerage Jefferies

** Trump tariffs a "hit to the safe haven perception" of India vs other peer countries - CLSA

** Apparels, having high existing tariffs, still have more to lose - Bernstein

(Reporting by Hritam Mukherjee in Bengaluru)

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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

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** 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)

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** India's Welspun Living WLSP.NS falls 7% to 136.91 rupees, on course for fifth straight session of losses

** Stock set to log worst weekly performance in three months, falling 10% so far

** Home textile maker reports weak Q4, FY2025 revenue and margins below its guidance

** "We are seeing some decline in orders due to the cautious order patterns from customers because everybody is wary about what's going to happen next," CEO Dipali Goenka said in post-earnings call, talking about tariffs

** At this stage, given the evolving external environment, it is difficult to provide definitive guidance for FY2026 - Goenka

** YTD, WLSP down ~13%

(Reporting by Vivek Kumar M)

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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

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** 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)

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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

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** 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)

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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

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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

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** 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)

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** 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)

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** 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)

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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

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

• APPROVED ARRANGEMENT FOR SUPPLY OF RENEWABLE ENERGY FROM MOUNTING RENEWABLE POWER

• APPROVED LIQUIDATION OF ENTITIES IN US LIKE TILT INNOVATIONS, WELSPUN NEXGEN, CHRISTY LIFESTYLE

• APPROVED WIND UP OF NON-OPERATIONAL ENTITIES IN UK, CYPRUS, MAURITIUS AND MEXICO

• APPROVED REVISION IN PROJECT COST OF TERRY TOWEL PROJECT FROM 3.26 BILLION RUPEES TO 3.41 BILLION RUPEES

Further company coverage: WLSP.NS

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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

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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)

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BENGALURU, Oct 25 (Reuters) - India's Welspun Living WLSP.NS reported a multi-fold rise in its second-quarter profit on Wednesday, boosted by strong demand for its bed and bath linens.

The company's consolidated net profit rose to 1.97 billion rupees ($23.6 million) from 86.7 million rupees in the corresponding quarter a year ago, the home textile maker said in an exchange filing.

Rising demand among urban consumers and a reduction in inventory have helped profitability at home textile companies, analysts said. Meanwhile, freight charges correcting to pre-pandemic levels also helped the company's margins, Welspun said.

Margins on earnings before interest, taxes, depreciation and amortization (EBITDA) improved to 15.4% from 7.1% a year earlier.

Total expenses rose 7.6% during the quarter to 22.83 billion rupees, mainly due to a nearly 23% rise in raw material costs.

The company's revenue from operations rose nearly 19% to 25.09 billion rupees, led by a nearly 17% climb in its home textiles business.

Welspun Living generates over 90% of its revenue from the home textiles segment, which includes bed sheets, bath linen and curtains under its "Welspun" and "SPACES" labels.

The company's shares rose as much as 1.5% after the results before turning negative to trade down 3.2% at 123.75 rupees, as of 2:03 p.m. IST.

($1 = 83.1310 Indian rupees)

(Reporting by Anisha Ajith and Kashish Tandon in Bengaluru)

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** 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)

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** 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)

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** 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)

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** Shares of Welspun India Ltd WLSP.NS rise as much as 3.4% to 89 rupees, highest since April 2022

** Textile manufacturer's March-qtr consolidated net profit more than doubled y/y, helped by a fall in input costs

** Stock continues trading above its 50-, 100-, and 200-day moving averages

** Trading volume at ~4 mln shares, over 2x the 30-day avg as of 2:40 p.m. IST

** Average rating of six analysts covering stock close to equivalent of 'buy'; median PT is 77 rupees - Refinitiv data

** Up to last close, stock was up 11.6% so far this year

(Reporting by Biplob Kumar Das in Bengaluru)

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** 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)

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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

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