India, June 5 -- A leading textile stock surged 7 percent in today's trading session after global brokerage firm Jefferies projected a potential upside of 32 percent. The upbeat outlook has sparked renewed investor interest, driving strong buying activity on the counter.

During Thursday's trading session, shares of Welspun Living Ltd reached an intra-day high of Rs.143.25 apiece, rising 6.97 percent from its previous closing price of Rs.133.91 apiece. However, the stock retreated later and is trading at Rs.139.34 apiece. Over the past five years, the stock has delivered over 300 percent returns. Brokerage Overview Global brokerage firm Jefferies has initiated coverage on Welspun Living Ltd. with a 'Buy' rating and a price target of Rs.18...