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On Thursday, Jefferies analysts began coverage on Welspun Living Ltd (WELSPUNL:IN) with a Buy rating and set a price target of INR185.00. The analysts highlighted the company’s position as a leading home textile exporter in India, with the United States as its largest market.
Welspun Living is expected to benefit from India’s potential trade agreements with the US and the European Union. These potential agreements follow a similar deal finalized with the United Kingdom (TADAWUL:4280). The company has expanded its operations over time, entering new categories and building a branded presence.
The analysts project an 18% compound annual growth rate in earnings per share for Welspun Living from fiscal year 2025 to 2028. However, they anticipate that fiscal year 2026 may see muted growth due to short-term tariff uncertainties.
The initiation of coverage by Jefferies reflects confidence in Welspun Living’s growth prospects and market position, despite potential challenges in the near term.
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