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Market move▲ Bullish for Whirlpool of India
Whirlpool of India shares rally 33% in three days amid promoter stake-sale plans
The brief
- The stock rose 33% in three days, with 12% gains on the latest day
- Whirlpool Mauritius is considering multiple buyers; Whirlpool of India said it is not involved
- The rally and promoter stake-sale plans put Whirlpool of India shares in focus for consumer-durables investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| WHIRLPOOL | Fri, 25 Sept | +7.7% | +7.3% | 20× | +7.7% · Nifty +0.3% |
✓ Classifier read this as positive; WHIRLPOOL rose 7.3% against the Nifty on the day it traded.
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Whirlpool of India promoter stake sale
Reports said Whirlpool Mauritius was exploring a share sale to potential buyers. Whirlpool of India said it was not privy to the terms, price or stage of the talks.
Friday, 25 September
- Whirlpool of India shares rally 33% in three days amid promoter stake-sale plans