The floor price is at a discount of 14% to today’s closing price of Rs 1,201.40 on the NSE. Shares rose 0.51% from Tuesday’s close.Whirlpool Mauritius held a 51% stake of 6.47 crore shares in Whirlpool, India, as of the September quarter-end.
Whirlpool of India is a leading manufacturer and marketer of major home appliances including refrigerators, washing machines and air conditioners, headquartered in Gurugram. It was previously Kelvinator of India in 1960 and became Whirlpool of India in 1994 after a strategic alliance with the global Whirlpool Corporation.
Whirlpool of India has been a clear market laggard, down 33% over the past year and now trading below both the 50-day and 200-day simple moving averages (Rs 1,273.1 and Rs 1,229.6), according to Trendlyne data. The stock’s performance is in stark contrast to the sector’s 14% gain in the same period and also tracks broader benchmarks with the Nifty up 8% and the BSE Sensex 7%. The stock is trading in a highly oversold zone, with the MFI fluctuating around 16 points. A number below 30 is considered oversold, while above 70 is considered overbought. Whirlpool reported lackluster profits in the quarter ended September, witnessing a 21% year-on-year decline in consolidated net profit to Rs 41 crore, compared to Rs 52 crore reported in the year-ago period. Total revenue in the quarter under review was Rs 1,697 crore, down 4% year-on-year, compared to Rs 1,762.3 crore in Q2FY25.
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