UBS buy Rs 155. UBS maintains ‘Buy’ rating on Welspun Corp and downgrades the target price to 250. SEBI has directed promoter/promoter group entitles not to buy sell or deal in Welspun Corp (WCL) shares till further notice. This is on a preliminary SEBI enquiry an alleged trading by the Dangi/promoter entities to possibly influence WCL’s price. Entities can file their objection within 21 days and request a hearing. WCL clarifies that the SEBI order has no bearing on any of its business/ financials. Further promoter entities have also indicated that they are taking professional advice and believe they are in full compliance with all applicable laws. SEBI’s ex prate may not have a significant impact on the existing business However required cost of capital is likely to increase and any potential capital raising would difficult. UBS downgrades the price target to 250 from 400 on higher WACC ( weighted average cost of capital) and slightly lower long-term growth.