Whirlpool of India advanced 4.77% to Rs 2,308 on bargain hunting after a recent slide.
Shares of Whirlpool of India dropped 12.77% in the past six trading sessions to settle at Rs 2,202.90 yesterday, 17 February 2020, from its close of Rs 2,525.45 on Friday, 7 February 2020.
In the past one month, the scrip has slipped 7.46% to its current market price of Rs 2,308.
On the technical front, the stock's RSI (relative strength index) stood at 28.785. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
On a consolidated basis, the net profit jumped 22.9% to Rs 76.49 crore on a 4.9% increase in net sales to Rs 1,271.24 crore in Q3 December 2019 over Q3 December 2018.
Whirlpool of India is primarily engaged in manufacturing and trading of refrigerators, washing machines, air conditioners, microwave ovens and small appliances and caters to both domestic and international markets.
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