Welspun Gujarat Stahl Rohren has been gaining momemtum on the expectation of a Rs 1,000 crore order expanding its current order book position of about Rs 5,100 crore.
The stock closed the week with a gain of 15 per cent after it touched its 52-week high of Rs 278. The stock has shot up by 46 per cent in the last three months but still looks attractive as it trades at a price to earnings multiple of 5 times estimated FY08 earnings.
Also, its order book to sales ratio (excluding the expectation of the new order) is comfortable at two times.
