Whirlpool of India gains after decent Q4 numbers

Whirlpool of India rose 1.03% to Rs 1,204.90 at 10:54 IST on BSE after net profit rose 7.4% to Rs 74.38 crore on 19.06% rise in net sales to Rs 1014.55 crore in Q4 March 2017 over Q4 March 2016.

The announcement was made after market hours yesterday, 16 May 2017.

Meanwhile, the S&P BSE Sensex was up 21.21 points, or 0.07% to 30,603.81.

On the BSE, 3,270 shares were traded in the counter so far, compared with average daily volumes of 23,507 shares in the past one quarter. The stock had hit a high of Rs 1,214.15 and a low of Rs 1,191 so far during the day. The stock hit a record high of Rs 1,289.55 on 29 March 2017. The stock hit a 52-week low of Rs 720.05 on 20 May 2016.

The stock had underperformed the market over the past one month till 16 May 2017, falling 1.30% compared with 3.97% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 24.45% as against Sensex's 8.62% rise.

The large-cap company has equity capital of Rs 126.87 crore. Face value per share is Rs 10.

Whirlpool of India's net profit rose 29.4% to Rs 310.49 crore on 14.6% rise in net sales to Rs 3940.77 crore in Q4 March 2017 over Q4 March 2016.

Whirlpool of India is one of the leading manufacturers and marketers of major home appliances in the country.

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