Whirlpool Of India

Whirlpool of India share price plunged nearly 12% to ₹ 1,056.90 per share on NSE in Thursday's trading session after reports revealed that consumer durables company's promoter is likely to sell 95 lakh shares through block deals.

Indian stock market rallied for the third consecutive session on October 17, with banking and FMCG stocks driving indices to new highs. Nifty 50 rose 0.49% to 25,709, while S&P BSE Sensex increased 0.58% to 83,985, marking significant weekly gains.

Nippon India Mutual Fund raised its stake in Whirlpool of India to 5.0091%, surpassing the 5% threshold required by SEBI. The acquisition, totaling 1,82,901 shares, reflects confidence in Whirlpool's strategic potential amid acquisition rumors from Reliance Retail and Havells.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Whirlpool Of India, Vishal Mega Mart, Manappuram Finance, L&T Finance, and Hindware Home Innovation.

Stocks to buy for the short term: Sun Pharma shows strong buying response after hitting a record high, trading above key moving averages. A breakout could lead to an upside move towards ₹ 2,025– ₹ 2,040. Supreme Industries and Whirlpool of India also show potential for gains, according to analysts.

Sumeet Bagadia recommended buying these seven breakout shares to buy today - Balrampur Chini Mills, Coromandel International, Whirlpool Of India, Godawari Power and Ispat, and Gallantt Ispat.

Whirlpool of India shares fell 20% to the lower circuit limit on January 30 after the company announced its parent intends to sell a 20% stake.

American home appliances giant Whirlpool Corporation successfully offloaded 24 percent of its stake in its Indian counterpart, Whirlpool of India, on February 20, through a block deal.