Basic Materials
Welspun Corp Limited (WELCORP) eases after clearing resistance, down 5% intraday
Welspun Corp Limited (WELCORP) is down 5% intraday at ₹1589.0, showing pressure after a recent breakout.
Welspun Corp Limited (WELCORP) pulled back from breakout highs, falling -5% to ₹1589.0 on the NSE on 20 Jul 2026. This retracement follows the stock’s breakout above the 6M resistance level of ₹1562. The move today is a result of profit-taking after the breakout. Welspun Corp, a key player in the steel sector under basic materials, has shown a strong upward trend, though today’s pullback indicates some pressure post-breakout. This move seems company-specific rather than a sector-wide phenomenon, given the absence of broader sector momentum signals.
Technical setup — trendlines & DMA
The current trendline structure shows Welspun Corp trading above both its 6M support and resistance levels. The 6M support trendline ends at ₹1517.09, which is 4.53% below today’s price, while the 6M resistance trendline at ₹1562.41 has been breached by 1.67%. The stock is currently 12% above its 50-DMA of ₹1415.3, indicating an extended move. The 50-DMA is also above the 200-DMA of ₹1003.1, signaling a bullish trend. In its 52-week range of ₹710.0–₹1698.8, the stock is in the upper third, suggesting that a significant portion of the move is already priced in.
Snapshot: ₹1,589.00 on 2026-07-20 (chart frozen at publication)
Fundamentals & business context
With a PE of 25.9 and profit margins at 9.6%, Welspun Corp’s valuation appears to be pricing in future growth rather than current earnings, given its revenue CAGR of 19.5% over the past five years. The company’s profit CAGR of 98.4% indicates strong earnings growth, though the thin profit margins suggest that the market may be anticipating a turnaround. Institutional ownership stands at 29.4%, reflecting a moderate level of confidence from smart money. There were no specific NSE catalysts today that could explain the move, making it likely a result of post-breakout profit-taking.
Algorithmic scorecard
The overall algorithmic scorecard reflects a technically strong but fundamentally weaker position for Welspun Corp. Two of the strongest signals are the bullish trend, indicated by the 50-day average being above the 200-day average, and the excellent year-to-date performance with an 80.3% gain. These signals suggest robust market sentiment and momentum. On the weaker side, the low profit margin of 9.6% and negligible dividend yield of 0.3% are significant risks. The low margin leaves little room for error, especially if costs rise, while the minimal dividend offers little income to investors. These factors highlight the stock’s reliance on growth rather than income, making it a higher-risk investment.
Company outlook
Welspun Corp’s management expressed confidence in delivering or exceeding guidance for FY 2027, with a top line of INR20,000 crores and EBITDA of INR2,850 crores. The company expects acceleration in the water sector in India in H2 of FY27 and contributions from new projects in Saudi Arabia and the U.S. Two major projects in Saudi Arabia are expected to come online in FY 2027, with the full impact of investments anticipated in FY 2028. The growth drivers include the water sector in India and international projects, while the company is navigating thin profit margins and relying on future growth to justify its current valuation.
Get all details on WELCORP — P&L, peers, shareholding and more on TradeAlone.
Basic Materials
Venus Pipes & Tubes Limited Commences Pipe Spooling Operations Ahead of Schedule
Venus Pipes & Tubes Limited (VENUSPIPES) initiates pipe spooling operations ahead of schedule, marking a key milestone in expansion.
Venus Pipes & Tubes Limited (VENUSPIPES) has initiated pipe spooling operations ahead of schedule, marking a significant milestone in its expansion strategy. The early commencement of these operations in Dhaneti, Gujarat, is set to bolster the company’s value-added piping solutions portfolio. By starting production ahead of the originally planned timeline of December 2026, the company aims to establish manufacturing readiness in advance of anticipated customer orders, enabling faster execution and dispatch once orders are received.
Strategic Milestone
The proactive step to commence pipe spooling operations ahead of schedule underscores the company’s commitment to expanding its participation in the growing data centre infrastructure segment. Arun Kothari, Managing Director of Venus Pipes & Tubes Limited, highlighted that this initiative will help reduce lead times and facilitate quicker responses to customer requirements. The company has already received a Letter of Intent (LOI) worth Rs. 185 crore from a data centre customer for pipe spooling solutions, with the conversion into firm orders expected to begin in the coming days.
Future Plans
The early operationalization of the dedicated pipe spooling manufacturing capacity is planned to be completed in a phased manner over the next few months. This strategic move is anticipated to strengthen the company’s ability to meet customer demands efficiently and expand its market presence in the data centre infrastructure sector. With this milestone, Venus Pipes & Tubes Limited is well-positioned to capitalize on the growing demand for advanced piping solutions.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Venus Pipes & Tubes Limited
Venus Pipes & Tubes Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Venus posts a 11.7% three-month gain, but softens in the last few weeks. Thin margins at 8.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 26.8% and profits at 32.1% CAGR. Both numbers are exceptional. The stock gives back 1.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Both the business and the stock move in the right direction. Revenue grows at 26.8%, profits at 32.1%, and the PEG sits at 1.18 — below its growth rate. That combination is rare. Check Fundamentals of Venus Pipes & Tubes Limited.
Basic Materials
Hindustan Zinc Limited (hindzinc) Announces Record Q2 FY27 Results: Net Profit Up 142% Yoy
Hindustan Zinc Limited, the world’s largest zinc producer, announces record Q2 FY27 results with a net profit up 142% YoY.
Hindustan Zinc Limited (HINDZINC), the world’s largest integrated zinc producer, announces record results for the second quarter and half year ended September 30, 2026. The company reported a net profit of ₹6,412 crore, up 142% year-on-year (YoY), driven by a robust increase in mined and refined metal production, higher metal prices, and a stronger dollar.
Record Production and Profitability
The company achieved a record second quarter mined metal production of 271 thousand tonnes (KT), up 5% YoY. Refined metal production also reached a best-ever 264 KT, up 7% YoY. Zinc cost of production excluding royalty was $703 per tonne, better by 29% YoY, due to improved mined grades and increased metal production.
Financial Highlights
Revenue from operations stood at ₹15,093 crore during the quarter, up 77% YoY. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹9,285 crore, up 108% YoY. The industry-leading EBITDA margin was maintained at 62%.
Forward-Looking Statement
Commenting on the company’s performance, Amarendu Prakash, Chief Executive Officer, said: “I am honored to lead Hindustan Zinc at this pivotal stage. Our record quarterly mined metal production of 271 KT and refined metal production of 264 KT demonstrates the strength of our operations, assets, and people. We remain focused on disciplined growth, AI-led innovation, and advancing our critical minerals portfolio to support India’s energy transition while delivering long-term stakeholder value.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Hindustan Zinc Limited
Hindustan Zinc Limited belongs to the Basic Materials › Other Industrial Metals & Mining sector. Here’s a quick read on where the business and the stock stand today.
Hindustan posts a 4.2% three-month gain, but softens in the last few weeks. Industry-leading margins of 38.1% reflect exceptional pricing power and operational efficiency. The PEG of 1.40 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock gives back 4.8% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 5.6% and profits at 9.6%, and the dividend yield stands at 2.07%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Hindustan Zinc Limited.
Basic Materials
Rossari Biotech Limited (rossari) Q2 FY27: Highest Ever Quarterly Revenue & Ebitda
Rossari Biotech Limited (ROSSARI) reports highest ever quarterly revenue & EBITDA for Q2 FY27, achieving record revenue & growth.
Rossari Biotech Limited (ROSSARI) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026, marking a significant milestone with the highest-ever quarterly revenue and EBITDA. The company reported a record quarterly revenue of Rs. 697.6 crores, a 19.0% growth on a year-on-year basis, and an EBITDA of Rs. 87.0 crores, a 20.9% growth on a year-on-year basis.
Record Financial Performance
The company’s consolidated Q2 FY27 performance highlights include: highest-ever quarterly revenue of Rs. 697.6 crores, highest-ever quarterly EBITDA of Rs. 87.0 crores, and an EBITDA margin of 12.5%, up by 20 bps. Despite higher depreciation due to investments in long-term projects, the Profit After Tax stood at Rs. 38.9 crores. Additionally, export sales reached Rs. 216.4 crores, a 33.8% growth on a year-on-year basis.
Strategic Growth Initiatives
Rossari Biotech Limited has also made significant progress in its strategic initiatives. The Board has approved the leasing of land for setting up a greenfield manufacturing facility in the Kingdom of Saudi Arabia (KSA). This marks a key milestone in Rossari’s international growth journey. The company continues to focus on strengthening its balance sheet and improving cash flow generation, with net working capital cycle improved to 86 days as of September 2026 from 97 days as of March 2026.
With strong R&D capabilities, expanding capacities, a healthy balance sheet, and a growing global footprint, Rossari Biotech Limited is well-positioned to deliver sustained long-term growth.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Rossari Biotech Limited
Rossari Biotech Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Rossari falls 14.4% over three months and has not found a floor yet. Thin margins at 5.9% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gains 3.9% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 13.1% and profits at 11.6% CAGR, with D/E of 0.18. Meanwhile, the stock dips 14.4% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Rossari Biotech Limited.
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