Whirlpool of India declines sharply despite broader market gains

Whirlpool of India fell sharply on promoter-sale reports and weak quarterly earnings, with profit and revenue declining and the stock sliding over 13 percent.

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6 days ago

Whirlpool of India declines sharply despite broader market gains

Whirlpool of India declines sharply despite broader market gains
Whirlpool of India shares dropped over 13% on Thursday even as benchmark indices advanced, with the stock opening sharply lower before hitting an intraday low of ₹1,041. The decline followed reports that promoter Whirlpool Mauritius may sell about 7.5% equity worth nearly ₹980 crore through block deals. The promoter currently holds 51% after earlier divestments. 
Companies:
  • Whirlpool of India
  • Whirlpool Mauritius
Tags:
  • stocks
  • whirlpool