Welspun Corp Latest Share Price (WELCORP)
TODAY IN ONE LINE
WELCORP rose 1.1% on average volume, outperforming Nifty's -0.3% move, reaching near its 52-week high of ₹1862.0.
With a market cap of ₹48,512.42 Cr., it trades at a P/E of 20.78. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Welspun Corp flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Quarterly OutperformanceLatest quarter Sales up 14.9% and Profit up 199.0%
- ●High Capital EfficiencyROCE of 22.9% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 19.4%
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.26x
- ●FII AccumulationFII holding increased by 3.38% QoQ
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 47.0% YoY
Latest Welspun Corp News
What changed recently?
Recent events, corporate actions, and announcements.
Welspun Corp Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Welspun Corp Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Welspun Corp Ltd trades at a P/E of 20.78× and P/B of 5.24×, against the Capital Goods sector median P/E of 16.86×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Welspun Corp Ltd technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Welspun Corp Ltd — derived from the latest tape, not yesterday's close.
Welspun Corp Ltd last traded at ₹1,839.8 with an intraday range of ₹1,821.3–₹1,865 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1839.80| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1950.17 | +110.37 | +6.00% |
| R3 | 1906.47 | +66.67 | +3.62% |
| R2 | 1885.73 | +45.93 | +2.50% |
| R1 | 1862.77 | +22.97 | +1.25% |
| PIVOT | 1842.03 | 2.23 | 0.12% |
| CURRENT | 1839.80 | — | — |
| S1 | 1819.07 | -20.73 | -1.13% |
| S2 | 1798.33 | -41.47 | -2.25% |
| S3 | 1775.37 | -64.43 | -3.50% |
| S4 | 1731.67 | -108.13 | -5.88% |
WELCORP is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: ₹1821.3–₹1848.2
Trading Inside opening range
Welspun Corp Ltd financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Welspun Corp Ltd — consolidated or standalone — with margins, YoY growth and key ratios inline.
Welspun Corp Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹48,512.42 Cr. and reported EPS of ₹87.60.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 13,978 | 16,770 ▲ 20.0% |
| Sales Growth YoY %Derived | -19.39% | 19.98% |
| Other Income | 190 | 135 ▼ 28.7% |
| Total Income | 14,167 | 16,905 ▲ 19.3% |
| 8,870 | 10,258 ▲ 15.6% | |
| Gross ProfitDerived | 5,107 | 6,512 ▲ 27.5% |
| Gross Margin %Derived | 36.54% | 38.83% |
| 3,439 | 4,276 ▲ 24.3% | |
| EBITDA (Operating Profit)Derived | 1,668 | 2,236 ▲ 34.0% |
| OPM %Derived | 11.93% | 13.33% |
| 1,136 | 567 ▼ 50.1% | |
| Profit Before Tax (PBT) | 1,653 | 1,804 ▲ 9.1% |
| 360 | 526 ▲ 46.3% | |
| Effective Tax %Derived | 21.76% | 29.16% |
| Profit/Loss from Discontinued Ops | — | — |
| Total Profit for Period | 1,902 | 1,620 ▼ 14.8% |
| Less: Non-controlling Interests | -6 | 7 ▲ 227.0% |
| Net Profit (Owner's PAT)Derived | 1,908 | 1,613 ▼ 15.5% |
| Net Profit Margin %Derived | 13.65% | 9.62% |
| PAT Growth YoY %Derived | 71.84% | -15.46% |
| Earnings Per Share (EPS ₹) | 72.73 | 61.15 ▼ 15.9% |
| Diluted Shares Outstanding (Cr) | 26 | 26 ▲ 0.5% |
| Share of Profit from Associates/JVs | 609 | 342 ▼ 43.8% |
| Other Comprehensive Income (Net of Tax) | 43 | 291 ▲ 573.9% |
| Total Expenses (incl. D&A & Interest) | 12,514 | 15,101 ▲ 20.7% |
| Material Cost % of RevenueDerived | 68.51% | 64.29% |
| Employee Cost % of RevenueDerived | 7.18% | 7.43% |
| Other Cost % of RevenueDerived | 17.43% | 18.07% |
| Interest Coverage (x)Derived | 4.12x | 8.87x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 7,587 | 8,953 ▲ 18.0% | 9,957 ▲ 11.2% | 6,440 ▼ 35.3% | 6,505 ▲ 1.0% | 9,758 ▲ 50.0% | 17,340 ▲ 77.7% | 13,978 ▼ 19.4% | 16,770 ▲ 20.0% | |
| Sales Growth YoY %Derived | — | 18.01% | 11.21% | -35.32% | 1.02% | 50.01% | 77.69% | -19.39% | 19.98% | |
| Other Income | 131 | 135 ▲ 2.6% | 116 ▼ 13.9% | 235 ▲ 103.1% | 551 ▲ 134.2% | 320 ▼ 42.0% | 242 ▼ 24.2% | 190 ▼ 21.7% | 135 ▼ 28.7% | |
| Total Income | 7,719 | 9,088 ▲ 17.7% | 10,073 ▲ 10.8% | 6,675 ▼ 33.7% | 7,056 ▲ 5.7% | 10,078 ▲ 42.8% | 17,582 ▲ 74.5% | 14,167 ▼ 19.4% | 16,905 ▲ 19.3% | |
5,288 | 6,277 ▲ 18.7% | 6,535 ▲ 4.1% | 4,317 ▼ 33.9% | 4,758 ▲ 10.2% | 7,254 ▲ 52.5% | 12,100 ▲ 66.8% | 8,870 ▼ 26.7% | 10,258 ▲ 15.6% | ||
| Gross ProfitDerived | 2,300 | 2,677 ▲ 16.4% | 3,422 ▲ 27.8% | 2,123 ▼ 38.0% | 1,747 ▼ 17.7% | 2,504 ▲ 43.3% | 5,240 ▲ 109.3% | 5,107 ▼ 2.5% | 6,512 ▲ 27.5% | |
| Gross Margin %Derived | 30.31% | 29.90% | 34.37% | 32.97% | 26.86% | 25.66% | 30.22% | 36.54% | 38.83% | |
1,616 | 2,104 ▲ 30.2% | 2,262 ▲ 7.5% | 1,349 ▼ 40.4% | 1,275 ▼ 5.4% | 2,020 ▲ 58.4% | 3,679 ▲ 82.2% | 3,439 ▼ 6.5% | 4,276 ▲ 24.3% | ||
| EBITDA (Operating Profit)Derived | 684 | 573 ▼ 16.2% | 1,160 ▲ 102.4% | 774 ▼ 33.2% | 472 ▼ 39.1% | 485 ▲ 2.7% | 1,561 ▲ 222.2% | 1,668 ▲ 6.8% | 2,236 ▲ 34.0% | |
| OPM %Derived | 9.01% | 6.40% | 11.65% | 12.03% | 7.25% | 4.97% | 9.00% | 11.93% | 13.33% | |
565 | 437 ▼ 22.6% | 377 ▼ 13.7% | 282 ▼ 25.2% | 357 ▲ 26.4% | 546 ▲ 53.1% | 652 ▲ 19.4% | 1,136 ▲ 74.2% | 567 ▼ 50.1% | ||
| Profit Before Tax (PBT) | 250 | 271 ▲ 8.2% | 899 ▲ 232.0% | 728 ▼ 19.0% | 666 ▼ 8.4% | 258 ▼ 61.2% | 1,152 ▲ 345.6% | 1,653 ▲ 43.5% | 1,804 ▲ 9.1% | |
11 | 122 ▲ 993.5% | 412 ▲ 237.4% | 221 ▼ 46.4% | 216 ▼ 2.1% | 134 ▼ 37.9% | 277 ▲ 106.4% | 360 ▲ 29.6% | 526 ▲ 46.3% | ||
| Effective Tax %Derived | 4.47% | 45.17% | 45.90% | 30.36% | 32.48% | 52.03% | 24.09% | 21.76% | 29.16% | |
| Profit/Loss from Discontinued Ops | — | -81 | -38 ▲ 53.3% | -11 ▲ 71.0% | — ▲ 100.0% | — | — | — | — | |
| Total Profit for Period | 153 | -22 ▼ 114.1% | 692 ▲ 3298.3% | 631 ▼ 8.9% | 444 ▼ 29.6% | 199 ▼ 55.2% | 1,136 ▲ 470.4% | 1,902 ▲ 67.5% | 1,620 ▼ 14.8% | |
| Less: Non-controlling Interests | — | -8 | — ▲ 100.0% | 12 | 5 ▼ 54.7% | -8 ▼ 240.3% | 26 ▲ 440.4% | -6 ▼ 122.9% | 7 ▲ 227.0% | |
| Net Profit (Owner's PAT)Derived | 153 | -13 ▼ 108.7% | 692 ▲ 5323.5% | 619 ▼ 10.6% | 439 ▼ 29.1% | 207 ▼ 52.9% | 1,110 ▲ 437.2% | 1,908 ▲ 71.8% | 1,613 ▼ 15.5% | |
| Net Profit Margin %Derived | 2.02% | -0.15% | 6.95% | 9.61% | 6.75% | 2.12% | 6.40% | 13.65% | 9.62% | |
| PAT Growth YoY %Derived | — | -108.66% | 5,323.55% | -10.59% | -29.09% | -52.90% | 437.23% | 71.84% | -15.46% | |
| Earnings Per Share (EPS ₹) | 5.77 | -0.50 ▼ 108.7% | 25.07 ▲ 5114.0% | 23.72 ▼ 5.4% | 16.82 ▼ 29.1% | 7.90 ▼ 53.0% | 42.44 ▲ 437.2% | 72.73 ▲ 71.4% | 61.15 ▼ 15.9% | |
| Diluted Shares Outstanding (Cr) | 27 | 27 ▲ 0.0% | 26 ▼ 1.6% | 26 ▲ 0.0% | 26 ▲ 0.0% | 26 ▲ 0.2% | 26 ▲ 0.1% | 26 ▲ 0.3% | 26 ▲ 0.5% | |
| Share of Profit from Associates/JVs | -86 | -89 ▼ 3.0% | 206 ▲ 332.7% | 135 ▼ 34.5% | -6 ▼ 104.2% | 75 ▲ 1414.9% | 262 ▲ 248.1% | 609 ▲ 132.6% | 342 ▼ 43.8% | |
| Other Comprehensive Income (Net of Tax) | -15 | 46 ▲ 413.3% | 110 ▲ 140.4% | -34 ▼ 130.8% | 41 ▲ 220.0% | 115 ▲ 183.0% | 24 ▼ 78.7% | 43 ▲ 77.0% | 291 ▲ 573.9% | |
| Total Expenses (incl. D&A & Interest) | 7,468 | 8,817 ▲ 18.1% | 9,174 ▲ 4.0% | 5,947 ▼ 35.2% | 6,390 ▲ 7.4% | 9,820 ▲ 53.7% | 16,430 ▲ 67.3% | 12,514 ▼ 23.8% | 15,101 ▲ 20.7% | |
| Material Cost % of RevenueDerived | 69.02% | 70.22% | 73.90% | 49.40% | 64.06% | 90.85% | 61.43% | 68.51% | 64.29% | |
| Employee Cost % of RevenueDerived | 5.66% | 6.39% | 6.39% | 6.49% | 5.90% | 5.54% | 5.41% | 7.18% | 7.43% | |
| Other Cost % of RevenueDerived | 15.64% | 17.11% | 16.33% | 14.45% | 13.71% | 15.15% | 15.81% | 17.43% | 18.07% | |
| Interest Coverage (x)Derived | 1.64x | 1.77x | 6.43x | 8.28x | 2.13x | 0.75x | 3.99x | 4.12x | 8.87x |
Welspun Corp segment analysis : revenue and profit mix.
Disclosed business segments at Welspun Corp with their share of revenue and profit, switchable between consolidated and standalone reporting.
Welspun Corp discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Welspun Corp Ltd.
Our AI distills the core fundamental drivers supporting Welspun Corp Ltd, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Welspun Corp Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust ROE 19.40% and ROCE 22.90% demonstrate efficient capital deployment and superior value creation.
Minimal debt-to-equity ratio 0.0026 with total debt ₹0.02 LCr ensures fortress-like financial resilience.
Operating margin 13.90% quarterly exceeds peer averages, signaling superior cost control and operational efficiency.
Market cap ₹0.44 LCr ranks among largest industrial peers, providing significant scale and procurement advantages.
TTM revenue growth 9.9% demonstrates solid top-line momentum despite macroeconomic headwinds and sector cyclicality.
Key Risks.
Latest quarterly EPS declined 47% YoY despite revenue growth, signaling severe earnings pressure and margin compression.
Negative free cash flow ₹-10,999.7 Cr in Q2 2025 indicates severe liquidity strain and working capital deterioration.
Dividend yield 0.31% is exceptionally low, offering minimal income appeal to dividend-focused investors.
Quarterly profit variance 199.00% shows significant earnings volatility, creating uncertainty for investors.
Negative operating cash flow ₹-988.2 Cr in Q2 2025 raises concerns about operational cash generation sustainability.
Flip Conditions.
Valuation risk. a P/E above 27 (~1.6× the sector multiple of 16.9) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 14% would indicate weaker capital compounding.
Welspun Corp Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Welspun Corp Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
Welspun Corp Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Welspun Corp Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Welspun Corp Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Welspun Corp Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Welspun Corp Ltd stood at 49.9% of traded volume, against a 20-day average of 52.3%.
Welspun Corp announcements: results, concalls, ratings, M&A.
Filings Welspun Corp sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Welspun Corp files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 153 documents below.
General Updates
Welspun Corp Limited has informed the Exchange about Update on Acquisition of additional 51% equity stake in Welspun Captive Power Generation Limited.
Analysts/Institutional Investor Meet/Con. Call Updates
Welspun Corp Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Welspun Corp Limited has informed the Exchange about Link of Recording
Bagging/Receiving of orders/contracts
Welspun Corp Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Copy of Newspaper Publication
Welspun Corp Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Welspun Corp dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Welspun Corp has declared, sequenced by announce and record date.
Welspun Corp corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Welspun Corp Ltd: business, sector, key facts.
What Welspun Corp Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Welspun Corp Ltd operates in the Iron & Steel Products industry under the Capital Goods sector, listed as NSE: WELCORP, BSE: 532144.
Welspun Corp Limited is a multinational manufacturer and distributor of a diverse range of steel and plastic products. Their primary focus lies in the steel sector, encompassing the production and sale of steel pipes, tubes, bars, coils, and plates. These products are utilized across a wide spectrum of industries, both domestically within India and internationally in key markets such as the United States and Saudi Arabia.
The company's steel product offerings are extensive and cater to various applications. They manufacture different types of carbon steel line pipes using diverse welding techniques (longitudinal submerged arc welding, helically submerged arc welding, electrical resistance welded, and high-frequency induction welding). Additionally, they produce ductile iron pipes, incorporating concrete weighting and anti-corrosion coatings. Their portfolio extends to stainless steel and alloy products, along with thermo-mechanically treated rebars and billets, and even pig iron.
Beyond steel, Welspun Corp also operates in the plastics sector, producing a variety of polymer-based products. This includes items such as water storage tanks, industrial containers, and uPVC doors and interiors. Their capabilities extend to providing value-added services such as double jointing, pipe bending, and ID machining. They also offer comprehensive solutions for water management, including specialized services like inventory management and even dump site management.
The company's diverse product range serves a broad array of industries, demonstrating its versatility and market reach. Key sectors include onshore and offshore oil, gas, and water transmission; infrastructure and housing construction; potable water distribution; refinery, petrochemical, nuclear power, fertilizer, energy and power, defense, automobile, railways, and aerospace; and forging and engineering industries. Welspun Corp's ability to offer both primary materials and value-added services allows them to position themselves as a significant player across several supply chains.
In summary, Welspun Corp Limited is a multifaceted industrial conglomerate with a significant presence in the steel and plastics manufacturing sectors. Their wide range of products and services, coupled with their international reach, demonstrates a commitment to serving diverse industry needs across several global markets. The company's history, dating back to 1995, and its continued expansion showcases its capacity for growth and adaptation within a dynamic business landscape.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
- Aeroflex Enterprises (AEROENTER) Share PricePeer
- Aeroflex Industries (AEROFLEX) Share PricePeer
- APL Apollo Tubes (APLAPOLLO) Share PricePeer
- Bansal Wire Industries (BANSALWIRE) Share PricePeer
- Bedmutha Industries (BEDMUTHA) Share PricePeer
- Stocks near 52-week high (breakout watch)Screener
- Breakout Trader strategy playbookStrategy
- Other undervalued NSE stocksScreener
- Quality + Value Portfolio strategyStrategy
- Top quality scorecard stocksScreener
- Technical DashboardScreener
- Results CalendarScreener
- FII Buying ActivityScreener
- All Technical ScreenersScreener
Questions investors ask about Welspun Corp Ltd (WELCORP).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Welspun Corp Ltd (WELCORP)?
The current share price of Welspun Corp Ltd (WELCORP) is ₹1,839.80. Today, the stock has gained by ₹20.20 (1.11%), trading in a range of ₹1,821.30 to ₹1,865.00. The stock opened at ₹1,821.80 with a trading volume of 7,18,142 shares.
02Is Welspun Corp Ltd stock a good investment for long-term?
Welspun Corp Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹48,512.42 Cr., P/E ratio of 20.78, ROE of 19.4%, and ROCE of 22.9%. The dividend yield stands at 0.31%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Welspun Corp Ltd stock?
The 52-week high price of Welspun Corp Ltd (WELCORP) is ₹1,862.00, while the 52-week low is ₹710.00. Currently trading at ₹1,839.80, the stock is 159.13% above its 52-week low and 1.19% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Welspun Corp Ltd stock at the current price?
Whether to buy Welspun Corp Ltd stock at ₹1,839.80 depends on multiple factors. The stock is currently trading with a P/E ratio of 20.78 and P/B ratio of 5.24. Today's performance shows a gain of 1.11%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Welspun Corp Ltd and when is the next dividend?
Welspun Corp Ltd offers a dividend yield of 0.31%, which means for every ₹100 invested at the current price of ₹1,839.80, you can expect to receive approximately ₹0.31 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Welspun Corp Ltd?
Welspun Corp Ltd's key financial metrics include: P/E Ratio: 20.78, P/B Ratio: 5.24, ROE: 19.4%, ROCE: 22.9%, Dividend Yield: 0.31%, EPS: ₹87.60, Book Value: ₹347.00, and Debt-to-Equity: 0.26. The company's market cap stands at ₹48,512.42 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Welspun Corp Ltd stock performing today in the market?
Welspun Corp Ltd stock opened at ₹1,821.80 and is currently trading at ₹1,839.80, showing a gain of ₹20.20 (1.11%). The intraday high is ₹1,865.00 and low is ₹1,821.30. The trading volume stands at 7,18,142 shares, indicating moderate market participation today.
08What is the P/E ratio of Welspun Corp Ltd and what does it indicate?
Welspun Corp Ltd has a Price-to-Earnings (P/E) ratio of 20.78, which means investors are willing to pay 20.78 for every ₹1 of earnings. With an EPS of ₹87.60, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Welspun Corp Ltd (WELCORP) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.