Buy Whirlpool of India, target price Rs 2,250: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on Whirlpool of India Ltd. with a target price of Rs 2250.0 . The current price of Whirlpool of India Ltd. is Rs 2053.85 Time period given by the analyst is Intra Day when Whirlpool of India Ltd. price can reach defined target. . Jayesh Bhanushali recommended to keep a stoploss at Rs 1900 .

Whirlpool of India Ltd., incorporated in 1960, has a market cap of Rs 26057.57 crore.

Investment Rationale


The stock has given consolidation breakout in the daily chart.


Financials

For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 1271.24 crore, down -8.77 per cent from last quarter sales of Rs 1393.46 crore and up 4.93 per cent from last year same quarter sales of Rs 1211.54 crore. The company reported net profit after tax of Rs 73.22 crore in the latest quarter.

Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of March 31, 2020, while FIIs held 3.78 per cent, DIIs 10.61 per cent and public & others 10.62 per cent.