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Shares of Welspun India surged over 8 per cent on the Bombay Stock Exchange after global rating agency Credit Suisse initiated coverage with ‘outperform’ rating and set a target of Rs 115 per share. Buoyed by the development, shares of firm gained as much as 8.19 per cent to hit an intra-day high of Rs 91.10 apiece on the Bombay Stock Exchange.