Promoter Whirlpool Corp plans to lower its stake in Whirlpool India to 20 percent this year
Leading private equity firms have been approached by Whirlpool in relation to the potential sale of a 31 percent stake in its India unit, said a report.
Although Whirlpool India shares have been on a downtrend for five consecutive days, most of the losses occurred in the previous session, when the stock was locked at a 20 percent lower circuit.
Whirlpool India said that the two brands have collaborated to deliver superior cleaning performance and convenience to households
The company’s operating performance improved in Q3. That needs to sustain for investors to turn positive on the stock
Nifty crossed 22,000 level for the first time. Among the sectors, bank, media, power and realty up 0.8-2 percent each, while auto, IT, metal down nearly a percent each
The Nifty and The Sensex surge to a new high on biggest single-day gains in over a year. Except Nifty pharma and media, all sectoral indices close in the green
Whirlpool will utilise the proceeds from the sale of 24 percent stake in Whirlpool of India to reduce debt levels
Brokerages have trimmed earnings per share (EPS) estimates of Whirlpool India for FY24-26E owing to near-term soft demand trends and rising competition
Sales were lower due to subdued market conditions and calibrated price correction actions, said the company.
Net Sales are expected to increase by 8.5 percent Y-o-Y (down 12.1 percent Q-o-Q) to Rs. 1,743.1 crore, according to Yes Securities.
We have collated a list of top five stocks that hit new highs on October 10 and what analysts have to say about them.
Given the heady valuations of both stocks, use the current market volatility to accumulate on dips
In an interview to CNBC-TV18, Sunil D'Souza, Managing Director of Whirlpool India, spoke about the results and his outlook for the company.
Sunil D'Souza joins Whirlpool from PepsiCo, where he was the Head of VIMAPS Business Unit based out of Malaysia, it added. Arvind Uppal, President, Asia Pacific, Whirlpool Corporation, and WIL CMD, will continue as Executive Chairman of the WIL Board of Directors, it stated.
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In an interview to CNBC-TV18, Sharmila Joshi of Fairwealth Securities; Sanjay Vaid of SBI Capital Securities and Basant Maheshwari of The EquityDesk.com, share their stock strategies for intra-day trade.
Whirlpool India will invest up to Rs 125 crore on new product development, marketing and enhancing infrastructure in the next fiscal, reports The Economic Times.