Welspun India Limited updates on business from Target Corporation

Welspun India Limited and Target Corporation, a retailer with over 1,900 stores in the U.S.A., will be working together again, having recently completed a vendor reempanelment process with Welspun Global Brands Ltd., Company's subsidiary. Until FY16, the business with Target Corporation accounted for almost 10% of our overall business. The Company shall strive to foster a strong, transparent and sustainable business relationship with Target Corporation going forward.

Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.91.2 as compared to the previous close of Rs. 93.65. The total number of shares traded during the day was 287160 in over 3681 trades.

The stock hit an intraday high of Rs. 95.9 and intraday low of 88.7. The net turnover during the day was Rs. 26502274.

Source : Equity Bulls

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