Whirlpool Share Price Soars to Record High
๐๐ฅ The share price of India’s leading home appliances company, Whirlpool India, surged on Thursday. During trading, the share price reached up to โน1,836.50, marking a 52-week high for the stock. The market closed with a slight increase, ending at โน1,795.90.
๐๐ The 52-week low for Whirlpool shares is โน1,186.85. The stock has seen a growth of over 32% this year, outperforming the Nifty 50 index, which has seen a 7% increase.
๐ผ๐ค 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.
๐ฐ๐ผ In the March quarter, Whirlpool’s profit on an annual basis increased by 24% to โน79.5 crores. The company’s revenue also grew by 3.7% to โน1,734 crores. Total expenses for the quarter rose by 2.1% to โน1,660 crores.
๐๐ฎ The board of directors has recommended a final dividend of โน5 per share on shares with a face value of โน10 for the financial year 2023-24.
๐๐ 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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