Whirlpool Share Price Soars to Record High
📈🔥 The share price of India’s leading home appliances company, Whirlpool India, surged on Thursday. During trading, the share price reached up to ₹1,836.50, marking a 52-week high for the stock. The market closed with a slight increase, ending at ₹1,795.90.
📉🔍 The 52-week low for Whirlpool shares is ₹1,186.85. The stock has seen a growth of over 32% this year, outperforming the Nifty 50 index, which has seen a 7% increase.
💼🤝 The rise in Whirlpool India’s shares can be attributed to a marketing agreement with Hindustan Unilever’s Surf Excel. Both brands have collaborated to provide better cleaning performance and convenience in homes.
💰💼 In the March quarter, Whirlpool’s profit on an annual basis increased by 24% to ₹79.5 crores. The company’s revenue also grew by 3.7% to ₹1,734 crores. Total expenses for the quarter rose by 2.1% to ₹1,660 crores.
📈🔮 The board of directors has recommended a final dividend of ₹5 per share on shares with a face value of ₹10 for the financial year 2023-24.
📊📈 Whirlpool India’s shareholding pattern shows that promoters hold a 51% stake, while public shareholders hold 49%. Promoter Whirlpool Mauritius Limited holds 6,47,04,633 shares. Other major shareholders include SB Small Cap Fund, Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Flexi Cap Fund, Kotak Emerging Equity Scheme, UTI-MNC Fund, and ICICI Prudential India Opportunities Fund.
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