Buy Whirlpool of India Ltd., target Rs 1100.0 : Deutsche Equities India

Deutsche Equities India has Buy call on Whirlpool of India Ltd. with a target price of Rs 1100.0. The current market price of Whirlpool of India Ltd. is 916.0. Time period given by analyst is year, when Whirlpool of India Ltd. price can reach defined target. The June quarter saw the highest ever EBITDA margins of 15 per cent thanks to lower SG&A. With high valuations (30x FY18E PE), stock reflects good growth potential, said the Deutsche Bank note. Refrigerators are likely to be early beneficiaries of govt's target of 100per cent electrification.