The stock fell by the daily limit of 20% for a second day, the biggest two-day tumble since 1999. Welspun currently supplies a number of products, including sheets, to Wal-Mart, McInnis said. “The stock may have another rough day.”Bed Bath & Beyond Inc., the Indian manufacturer’s biggest customer, and Wal-Mart also carry Welspun Egyptian cotton sheets. Welspun is engaging with key customers, Welspun managing director Rajesh Mandawewala said on a conference call Monday. Welspun makes towels, sheets, rugs and carpets for 18 of the top 30 global retailers.

Source: Mint August 23, 2016 05:03 UTC