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Weak US manufacturing data pushed global equities lower on Thursday. The data raised doubts about the US economy and dimmed the widespread optimism about potential Federal Reserve interest rate cuts in September.

Welspun Enterprises forecast strong EBITDA growth and continued project execution in FY25, despite monsoon challenges. The company emphasized a selective approach to project bidding and benefits from government infrastructure policies. With an order book of Rs 13,000 crore, they foresee new projects worth Rs 5,000 crore in the coming periods, contributing to their revenue growth.

We will be getting next year of vacuum salt as well as the bromine and these are going to give us next year a fillip into our top line as well as in the bottom line.

​So, overall, we expect it is not a major decline. It is a 0.2% decline in the market share in first quarter which we should be able to make up in the balance of the year as we move forward.

On the technical charts, the RSI of the stock stood at 48.61.

The buyback represents approximately 9.88% of TTK Prestige’s fully paid-up equity share capital. This will be the company’s first buyback, according to Trendlyne data. However, TTK Prestige is known for frequently rewarding its shareholders with dividends, as noted in the same data.

A total of 775,353 shares changed hands on the counter till time (IST).

The stock traded at a P/E multiple of 6.65, while the price-to-book value ratio stood at 1.14.

The Relative Strength Index of the stock stood at 72.27 on Friday.