New Delhi, Oct. 1 -- While benchmark indices such as the Sensex and Nifty have delivered negative returns over the past year, some stocks have bucked the trend. Welspun Corp is one of them.

The company's shares have surged 221% over the past year. In this editorial, we examine the factors that could influence the stock over the next five years. This is not a stock recommendation in any form.

Before that, here's a little about Welspun Corp.

Welspun Corp. is primarily a large-diameter steel pipe and pipe-solutions company, with significant exposure to Saudi Arabia, the US and global oil and gas infrastructure.

Its core business is manufacturing line pipes used in oil and gas transportation, water infrastructure and energy projects.

Fac...