Whirlpool of India spurts 20.6% in two days post Q1 earnings

Whirlpool of India surged 9.71% to Rs 452.60 at Rs at 15:15 IST on BSE, with the stock extending recent rally triggered by the company reporting strong Q1 earnings.

Meanwhile, the S&P BSE Sensex was up 277.28 points or 1.06% at 26,380.51.

On BSE, so far 1.44 lakh shares were traded in the counter as against average daily volume of 23,439 shares in the past one quarter.

The stock hit a high of Rs 453.80 so far during the day, which is a record high for the counter. The stock hit a low of Rs 403 so far during the day. The stock had hit a 52-week low of Rs 141 on 4 September 2013.

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

Shares of Whirlpool of India have rallied 20.67% in two trading sessions from a recent low of Rs 375.05 on 13 August 2014 after the company after market hours on 13 August 2014, reported strong Q1 June 2014 earnings. The stock had rallied by the maximum permissible level of 10% to settle at Rs 412.55 on Thursday, 14 August 2014. The stock market was closed on Friday, 15 August 2014, on account of Independence Day.

Whirlpool of India's net profit jumped 67.4% to Rs 83 crore on 22.8% growth in net sales to Rs 1195.06 crore in Q1 June 2014 over Q1 June 2013.

Whirlpool of India is engaged in manufacturing and marketing of refrigerators, washing machines, air conditioners, microwave ovens and small home appliances.

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