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Welspun Living shares surge 8%; stock gains 14% in 3 days. What’s driving the rally?

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Welspun Living shares surge 8%; stock gains 14% in 3 days. What’s driving the rally?
Shares of Welspun Living surged 7.77% to Rs 181.17 in Tuesday’s trading session, extending their winning streak to a third consecutive day. The stock has gained nearly 14% over the past three sessions, driven by strong investor sentiment following the company’s robust Q1FY27 performance, announced on August 13.

The home-textile major reported a strong start to FY27, with revenue growth, a sharp jump in profitability and improving operating margins strengthening the outlook for the business.

Following the strong quarterly performance, brokerages Motilal Oswal Financial Services and JM Financial retained their ‘Buy’ ratings on the stock, citing improving business fundamentals and further earnings growth potential.

Welspun Living’s consolidated profit for the June quarter jumped 85% year-on-year (YoY) to Rs 161 crore, compared with Rs 87 crore in the same quarter last year. Revenue from operations increased 24% YoY to Rs 2,795 crore, compared with Rs 2,261 crore in the year-ago period.

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JM Financial maintains ‘Buy’ rating


JM Financial remains positive on Welspun Living and has maintained its ‘Buy’ rating following the company’s stronger-than-expected Q1FY27 performance.
The brokerage highlighted that consolidated EBITDA of Rs 320 crore was well ahead of its estimate of Rs 280 crore. The outperformance was supported by better operating leverage and an improved product mix. EBITDA margin expanded by 151 basis points YoY to 11.5%, pointing to an improvement in the company’s operating efficiency.Motilal Oswal sees further upside

Motilal Oswal Financial Services has also reiterated its ‘Buy’ rating on Welspun Living, with a target price of Rs 215, indicating further upside from the stock’s current levels. The brokerage expects Welspun Living to sustain double-digit revenue growth as home-textile volumes recover. It also expects EBITDA margins to move towards 13%, aided by a better business mix and a recovery in flooring margins.

Motilal Oswal expects the core home-textile business to clock around 15% CAGR between FY26 and FY28. Bath is expected to lead growth with a high-teens expansion, followed by Bed and Rugs & Carpets. The emerging business is projected to grow at around 17%.

Stock performance

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Welspun Living shares have delivered a strong performance over the past year, gaining around 45%. The stock currently has a market capitalisation of approximately Rs 15,886 crore. In Tuesday’s session, the stock touched a fresh 52-week high of Rs 182, reflecting the strong momentum following the Q1 results.

Technical indicators remain positive

On the technical front, the stock’s 14-day Relative Strength Index (RSI) stood at 57.4. An RSI below 30 is generally considered to indicate an oversold zone, while a reading above 70 is considered overbought. The broader trend also remains bullish, with Welspun Living trading above all eight tracked simple moving averages (SMAs).

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Prairie Operating: Q2 Exposed The Equity Problem (NASDAQ:PROP)

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Prairie Operating: Q2 Exposed The Equity Problem (NASDAQ:PROP)

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I’m an independent equity trader and licensed financial advisor focused on uncovering high-upside opportunities in overlooked sectors especially focusing on small-caps, energy, commodities, and special situations. My investment strategy is based on growth. I look for fundamental momentum (EPS, ROE, revenue), price-volume confirmation, and macro filters. I also use econometric tools and calculations to analyse market direction, cycles and behaviour. I’ve been managing personal capital since 2020 and advising under MiFID II since qualifying with a license. I hold a bachelor’s in Business Administration and Economics and am currently completing a master’s in Finance. My masters thesis topic: Impact of Financial Results Announcements on Stock Returns and Trading Volumes of Micro-Capitalization Gold Mining Companies.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Cloughs snap up $8m Eagle Bay home

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Cloughs snap up $8m Eagle Bay home

Former chairman of Clough, Jock Clough, and his partner Kate have purchased an $8 million South West mansion overlooking Eagle Bay, while putting their Yallingup home up for sale.

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Einride to deploy 500 Tesla electric trucks for North American fleet

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Einride to deploy 500 Tesla electric trucks for North American fleet

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Home Depot Sales Climb 5.7% Amid Demand for Smaller Projects

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Home Depot Sales Climb 5.7% Amid Demand for Smaller Projects

Homeowners took on smaller, spring maintenance projects during the recent quarter despite continuing economic uncertainty, driving Home Depot’s HD sales higher and giving the company confidence to back its full-year outlook.

Chief Financial Officer Richard McPhail said in an interview that consumers took on a variety of spring-focused, do-it-yourself projects, such as re-mulching their landscaping and upgrading their patios, while professional contractors completed decking, electrical and plumbing jobs.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Reddit Stock Falls Ahead of Joining the S&P 500

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Reddit Stock Falls Ahead of Joining the S&P 500

Reddit Stock Falls Ahead of Joining the S&P 500

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Europe’s biggest ice cube factory works 24/7 amid UK’s ‘exceptional’ summer heatwave

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The Ice Co in South Kirkby, West Yorkshire, Europe’s biggest ice factory, has been working around the clock to keep up with unprecedented demand for its ice cubes amid the UK summer 2026 heatwave

Ice cubes in production at The Ice Co, in South Kirkby.

Ice cubes in production at The Ice Co, in South Kirkby(Image: Annabel Lee-Ellis/PA Wire)

Europe’s largest ice factory says the 2026 British summer has been “exceptional” as it continues to produce tonnes of frozen cubes to meet demand from customers seeking respite from the persistent heatwaves. The Ice Co has been operating around the clock throughout the summer months as it grappled with unprecedented demand for the billions of ice cubes it manufactures at its South Kirkby facility in West Yorkshire.

Sales director Nick Brennand said the planning process begins months ahead of summer’s peak , with the factory running at full capacity in snowy January to ensure a month’s supply is stored in its freezing warehouse. However, the 140-strong workforce must then prepare to respond to whatever the British summer delivers.

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Mr Brennand said: “This year has been completely exceptional.”

He said: “I think we’re on heatwave number six? We’ve never had such a sustained period of hot weather.

“The good weather started in June and we’ve still got it now in the middle of August, and they’re talking about another one in September?”.

“Normally, we’ll get maybe two to four good weeks in a year, and now we’re looking at 14 to 15, which makes a big difference.”

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Mr Brennand said: “What we don’t know is when it’s going to shine and for how long. Sometimes we have hot Easters, sometimes we have hot Septembers, and everything in between.”

He said: “We get to a point in May or June when we are very much in the lap of the gods. If the sun shines, and it’s 35 degrees tomorrow, orders can go up five or tenfold.”

Ice cubes in production at The Ice Co, in South Kirkby.

Ice cubes in production at The Ice Co, in South Kirkby.(Image: Annabel Lee-Ellis/PA Wire)

Mr Brennand noted that roughly 85% of people still produce their ice at home, yet when a supermarket or hotel runs short, no alternative product can fill the gap.

He said: “If you’re in a pub or a restaurant and they start rationing ice in your G&T on a Friday night, it’s not particularly nice. You want a nice cold drink.”

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He noted that the typically demanding environment of The Ice Co warehouse at South Kirkby has provided welcome relief for some staff during the hottest days in recent weeks.

Mr Brennand said: “Believe me, everybody in the office have gone wandering into the warehouse for 10 minutes to cool down, because it’s minus 18 in there.

“If it’s warm outside, there’s no nicer place to be for five or 10 minutes – but only five or 10 minutes.”

Established in 1860, the firm continues to be operated by the sixth generation of the Marr family, who originally supplied ice to support their fishing enterprise. The company produces approximately six billion ice cubes annually.

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Macro Insights: Navigating The AI Capex Boom, Growing Bubble Risks, And Rising Yield Pressures

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AMD: Current Valuation Appears Hard To Justify

Macro Insights: Navigating The AI Capex Boom, Growing Bubble Risks, And Rising Yield Pressures

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WhiteHawk Minerals: Operator-Funded Growth Supports The Buy Case (NYSE:WHK)

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WhiteHawk Minerals: Operator-Funded Growth Supports The Buy Case (NYSE:WHK)

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Apart from my academic training in Biology and Chemistry, I hold a Ph.D. in Environmental Science with a specialization in Bio-Medical Waste Management. My areas of research and analysis include clean technologies, renewable energy, pollution control systems, and environmental compliance solutions. I follow companies operating in these sectors using a research-driven approach that integrates regulatory trends, sustainability metrics, and scientific evaluation to assess long-term growth opportunities, risks, and value potential. By actively tracking and analyzing companies engaged in environmental management, renewable energy, and green technologies, my work aims to blend scientific depth with market analysis to provide practical insights that help investors understand financial outcomes and emerging opportunities. At a personal level, I also provide free stock market consultation to a select group of friends, relatives, and former colleagues. I am associated with Seeking Alpha analyst Eudaemon Research.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Wetherspoons bans customers playing music from phones in pubs

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A woman dressed in a black vest and shorts stands outside a Wetherspoons holding her phone.

Wetherspoons has banned its customers from playing music out loud or taking calls on speaker, saying the noise was an increasing problem driving people “nuts”.

The company – which runs 792 pubs and bars across the UK – said that following complaints it has asked customers to switch their phones and tablets to silent or to use earphones.

Polling in recent years by various organisations suggests people are largely opposed to others playing music or taking calls on speaker in public spaces.

Wetherspoons told the BBC that staff will be asked to use “common sense” when enforcing the ban.

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“We are not looking to ask anyone to leave a pub if they go against the ruling, but it is an option for managers if they refuse to do so,” the company said.

It follows a stricter, longstanding policy from rival pub chain Sam Smiths which bans no phone or tech use of any kind, in addition to a ban on swearing.

Wetherspoons does not play music in any of its pubs, with chief executive Tim Martin describing them as “an oasis of tranquillity and contemplation”.

The chain does play music in the evening at its 44 Lloyds’ bars. It confirmed that the ban on customers playing music and taking calls on speaker would also apply to those venues.

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The number of Wetherspoons pubs has steadily fallen over the last decade from a peak of 955 in late 2015.

The firm has faced a financial challenges during those ten years from the Covid pandemic and inflation.

Last month, it told investors that profit for the year would be lower than expected because of higher costs for food, labour, repairs, energy, and business rates.

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Ichthys deal buys peace, raises stakes

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Ichthys deal buys peace, raises stakes

OPINION: Industrial action on major resources projects will reset the baseline for every negotiation.

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