Hold Whirlpool of India, target price Rs 2364: ICICI Securities

ICICI Securities has hold call on Whirlpool of India with a target price of Rs 2364. The current market price of Whirlpool of India Ltd. is Rs 2217.05. Time period given by analyst is one year when Whirlpool of India Ltd. price can reach defined target.

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 28139.54 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1792.54 Crore, up 17.75 % from last quarter Total Income of Rs 1522.34 Crore and up 29.96 % from last year same quarter Total Income of Rs 1379.27 Crore. Company reported net profit after tax of Rs 123.82 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2021, while FIIs held 3.4 per cent, DIIs 11.3 per cent and public and others 10.4 per cent.