Whirlpool rises after strong Q2 numbers

Whirpool of India rose 2.28% at Rs 2182.5 after the company announced a decent Q2 performance during market hours today.

On consolidated basis, net profit jumped 63.82% to Rs 128.70 crore on a 17.94% increase in revenue from operations to Rs 1393.46 crore in Q2 September 2019 over Q2 September 2018.

Shares of the home appliances manufacturer soared 102% in last one year compared to 15.2% rise in the Sensex.

On the BSE, 6,747 shares were traded so far compared with average daily volumes of 4303 shares in the past two weeks. The stock was trading near its 52-week high of Rs 2,249.90 hit on 1 November 2019.

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