Whirlpool India's stock performance has been under pressure, with shares down 26% year-to-date and quarterly revenues at a seven-quarter low, reflecting operational challenges
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
Tata Steel | GMR Infrastructure | Rain Commodities | IVRCL | Voltas | Educomp | Escorts | Orbit Corp | Neyveli Lignite | Deccan Chronicle Holdings | JHS Svendgaard | Ess Dee Aluminium | Punj Lloyd | Strides Arcolab | JBF Industries | Pidilite Industries | Everonn Education | SAIL and Jain Irrigation are stocks, which are in the news today.
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.