Increased risk weighs on WELSPUN INDIA, penalising its rating down to Neutral
The independent financial analyst theScreener just lowered the general evaluation of WELSPUN INDIA (IN), active in the Durable Household Products industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date March 8, 2022, the closing price was INR 97.40 and its target price was estimated at INR 92.53.Welspun India Limited (Welspun) is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products and rugs. Its segments include Home Textiles and Power. The Home Textiles segment includes terry towels, bed sheets, pillows cases, rugs, carpets and others used for home furnishings. The Power segment includes generation of power. Its products under bath category include towels, such as beach towels, hand towels, face towels and bath sheets, and robes in various styles, such as kimono, hood and wraps. Its products under bed category include bed linen products, such as bed sheets in various blends; basic bedding products, such as mattress pads, and blown and garneted pillows, and decorative bedding products, such as comforters, duvets and bolsters. Its products under flooring category include rugs, such as bath rugs, and carpets. Its brands include Christy, Spaces and Welhome.
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