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The Rs 10-face value Welspun India stock is being observed for what brokers suggest has been an ambitious expansion plan pursued by the home textile player. The plan, aimed partly at scaling up capacity in towels, will also enable the company to tap the retail segment in a better manner, it is felt. The impact of the new capacities will start reflecting on the topline in fiscal 2008, sources point out. The stock, which closed on Friday at Rs 94.15 on the NSE, has come off its 52-week peak of Rs 133.60. A little over 17,000 shares were traded on Friday.

Nilanjan Dey

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