Whirlpool India slumps as heavy promoter-linked block deal triggers intense volumes

Whirlpool India sank sharply after large promoter-linked block trades, surging volumes and weak quarterly earnings intensified concerns around promoter commitment and near-term valuation risks.

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5 days ago

Whirlpool India slumps as heavy promoter-linked block deal triggers intense volumes

Whirlpool India slumps as heavy promoter-linked block deal triggers intense volumes
Whirlpool India fell over 10% on Thursday as massive block trades sparked selling pressure. Volumes jumped to nearly 164 lakh shares on the BSE, far above normal activity, after reports indicated that Whirlpool Mauritius likely sold 7.5%–11.8% equity at a discount. Weak September-quarter results, including a 21.9% profit decline and softer margins, added to concerns. 
Companies:
  • Whirlpool India
  • Whirlpool Mauritius
Tags:
  • stocks
  • whirlpool