Welspun Corp’un 2026’da HFCL’yi geçmesi Nifty 500’te en iyi performans sonucunu pekiştirdi

Kısaca

Welspun Corp 2026’da 236% yükseldi; HFCL 230% seviyesinde kaldı ABD’de 1,8 milyar dolarlık en büyük sipariş ve 4,4 milyar dolar büyüklüğünde toplam sipariş defteri piyasa ve yatırımcılar için enerji altyapısı ile LNG talebine odaklanma artıyor

Ana mesele

Welspun Corp 2026’da 236% yükseldi; HFCL ise 230% ile takip ediyor.

Ne değişti?

HFCL’nin yükselişi geride kaldı; Welspun’un sipariş ve büyüme rüzgarı sürüyor.

Beni nasıl etkiler?

Okuyucular için enerji altyapısı ve boru hattı talebine yönelik görünüm güçleniyor.

Ne oldu?

Welspun Corp 2026’da %236 artış gösterdi; HFCL %230 kazançla onun ardından geliyor.

Neden şimdi?

Dijitalleşme ve bulut yükselişiyle veri merkezi altyapısı talebi güçlenirken enerji altyapısı da büyümeyi destekliyor.

Neden önemli?

Büyük siparişler ve genişletilmiş sipariş defteri, şirketlerin çok yıllı gelir görünümünü güçlendiriyor.

Kimler etkileniyor?

• Hisse senedi yatırımcıları
• enerji altyapısı tedarikçileri`,`inşaat grupları`

Sektör ve piyasa etkisi

Enerji ve altyapı sektörü talebinin güçlenmesi, ilgili hisse ve alt sektörlerde volatiliteyi artırabilir.

Riskler

• ABD talep dalgalanmaları
• jeopolitik belirsizlikler
• enflasyon baskısı ve finansman maliyetleri

Takip edilmesi gerekenler

• ABD enerji talep görünümü
• LNG talebindeki değişim
• Welspun’un sipariş defterindeki büyümenin sürdürülebilirliği
• HFCL ile Welspun arasındaki rekabet dinamikleri

Haberin tamamı

The AI boom has dominated the stock market narrative in 2026, with companies linked to the data centre and artificial intelligence infrastructure theme delivering some of the biggest gains. HFCL, one of the major beneficiaries of that theme, had raced ahead with gains of up to 230% this year.

But a company riding a very different wave has now overtaken it.Welspun Corp, a global leader in manufacturing large-diameter welded line pipes used for oil, gas and water transmission, has surged 236% in 2026, overtaking HFCL’s mammoth 230% gain and emerging as the best-performing stock on the Nifty 500 index.HFCL’s rally has been powered by expectations of a multi-year expansion in India’s data centre industry, supported by accelerating digitalisation, increasing cloud adoption and rising demand for artificial intelligence infrastructure.

Data from Prime Infobase shows that FII exposure to HFCL more than doubled, with their stake rising to over 15% from 7% in Q4.Decoding Welspun’s rise to the topWelspun’s sharp rise this year has come amid renewed investment in global energy infrastructure, higher LNG demand, US pipeline infrastructure, Saudi energy and water projects, and opportunities in India’s pipeline sector.$1.8 billion order: Welspun Corp has secured the largest single order in its history, valued at approximately $1.8 billion, or around Rs 17,200 crore, for the supply of pipes from its manufacturing facility in the United States.The latest win has taken Welspun Corp’s global order book to a record $4.4 billion, equivalent to around Rs 42,100 crore, according to the company.

This is the highest order book in the company’s history.Welspun Corp said the order is expected to substantially strengthen its order book and provide multi-year revenue visibility.

The company also described the win as a validation of the scale, quality and execution capability of its operations.Big opportunity in the US: During its earnings call, the company said it sees strong multi-year demand visibility, driven by rising LNG demand, increasing power requirements linked to AI data centres and a resurgence in oil pipeline infrastructure.Welspun said its USA spiral mill was already booked through FY28 at the end of FY26, underlining the demand visibility in the US market.Middle East a new avenue: Earlier this week, the company secured a fresh order from Saudi Aramco for the manufacturing and supply of steel pipes.Welspun Corp said its associate company East Pipes Integrated Company for Industry (EPIC), which is also listed in Saudi Arabia, has signed a contract with Saudi Aramco.

The disclosure was also made to the Saudi stock exchanges.

The order is valued at 771 million Saudi Riyal, or nearly Rs 2,000 crore.Welspun Corp has also signed a memorandum of understanding (MoU) with Perma-Pipe International Holdings Inc., the developers of Jordan's National Water Carrier Project and the Government of the Hashemite Kingdom of Jordan, to explore setting up pipe manufacturing and advanced coating facilities in the country.Under the proposed partnership, Welspun Corp and Perma-Pipe plan to establish a joint venture to develop and operate an integrated pipe manufacturing and coating platform in Jordan.Can Welspun’s stellar surge last?Earlier this month, Jefferies initiated coverage on Welspun Corp with a Buy rating and a price target of Rs 3,250, citing a multi-year upcycle in energy and water infrastructure spending in the US and Saudi Arabia.Jefferies said Welspun, the world's largest welded line-pipe manufacturer, is well placed to benefit from rising energy and water infrastructure spending in the US and Saudi Arabia.

The brokerage added that the company’s local manufacturing presence in both markets, capacity expansion and robust order book provide strong earnings visibility.Jefferies expects US energy infrastructure investment to enter a multi-year expansion phase, driven by increasing liquefied natural gas exports, rising electricity demand from data centres and higher associated gas production from the Permian Basin.Read more: NSE IPO Tracker: Catch all the highlights hereBloomberg estimates cited in the report peg cumulative US midstream capital expenditure at around $240 billion during 2026-30, up 57% from the preceding five years.

Jefferies also believes spending estimates could be revised upwards as several proposed pipeline projects have yet to receive final approval.Welspun holds an estimated 30% share of the US large-diameter line-pipe market.

Its domestic manufacturing presence gives it an advantage over import-dependent suppliers by limiting exposure to trade barriers, reducing delivery times and improving eligibility for projects that prioritise locally manufactured products.India, meanwhile, presents a sizeable long-term opportunity across oil and gas, drinking water, irrigation and river-linking projects, with more than 25,000 kilometres of gas pipelines commissioned and over 10,000 kilometres under construction.Jefferies expects Welspun's total pipe-manufacturing capacity to increase 51% to 37 lakh tonnes per annum by FY27, from 24 lakh tonnes in FY26.

The expansion is projected to support a 17% compound annual growth rate in volumes between FY26 and FY29.The brokerage expects EBITDA to grow at a CAGR of 32%, while earnings per share are projected to increase at a CAGR of 33% over the same period. Growth is expected to be supported by higher volumes and a greater contribution from the company's more profitable overseas operations.Also read: A record run!

NSE IPO draws Rs 90,000 crore demand, takes subscription crown among India’s 5 largest offeringsNuvama echoes the view. Multiple discussions are ongoing regarding the expansion of Saudi pipelines and the water network, and these are likely to translate into orders in H2FY27, further smoothening the path for long-term top-line growth.The brokerage also pointed to renewed opportunities following disruption to nearly 20% of LNG supply.

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Kaynaklar

• Economic Times - Markets