Welspun Living sheds 5.57% amid broader market slump, underperforms textile peers

Midcap textile company Welspun Living saw a sharp drop of 5.57 per cent on April 4, 2025, underperforming the broader textile sector, which declined 3.01 per cent. The stock hit an intraday low of Rs 126.9, marking a 5.19 per cent fall. The downward move came amid broader market weakness, with the Sensex plunging over 800 points and losing 1.24 per cent by day's end.

Technically, Welspun Living is displaying bearish signals, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The broader market outlook is also gloomy, with the Sensex slipping below its 50-day moving average, while the 50-day remains under the 200-day mark another bearish indicator.

Despite recent pressures, Welspun Living posted an 11.44 per cent gain over the past month, though its year-to-date performance remains negative at 20.22 per cent. Over the longer term, however, the stock has shown remarkable growth, risiing 497.15 per cent over the past five years.

The current downturn reflects growing investor caution in the textile space amid global economic uncertainties. The steep drop in both stock and index points to persisting bearish sentiment and potential headwinds for midcap stocks in the sector.