The price of Whirlpool shares They continued their moves down to the fifth session in a row in Friday trade. The price of Whirlpool shares has dropped by more than 33% in the last five days.
On Thursday, the price of Whirlpool shares dropped by 20% after reports that Whirlpool Corporation, a giant of American home appliances, intends to reduce property in an Indian subsidiary up to about 20% to about 20% to half to the second half of 2025 ₹1075 per ite ₹1 217. The price of Whirlpool shares today dropped by almost 15%.
Whirlpool Corporation intends to reduce its property in its Indian subsidiary, Whirlpool of India Ltd, to about 20% by mid -2025, as stated in the company’s regulatory deposit. According to reports, in February 2024, Whirlpool Corporation sold 24% of its shares in the Whirlpool of India Ltd under a block of flats, accumulated around USD 468 million.
According to the replacement, the manufacturer of consumer durability is to announce its quarterly results in December (Q3fy25On Tuesday, February 4, 2025 on Friday, November 8, Whirlpool of India Ltd recorded a decrease in net profit by 25.4% year on year (Yoy), with a total value ₹287 CRERE for the second quarter, which ended on September 30, 2024. Revenues from surgery increased by 13% to ₹1582 CRERE, compared to ₹1400 CRERE in the same period last year.
This is what a technical analyst says
According to Osho Krishan, Sr. Analist, technical & ainivatives, AngelThe price of Whirlpool shares increased this week by a significant decrease by 30 percent, definitely violating the 52-week lowest levels 1200 and clearly showing extreme weakness on the market among the current news regarding rate reduction. Technical perspectives are highly disturbing, and subsequent potential support is strongly in zone 1 050-1000.
While a sharp decrease can cause a short -term withdrawal, the general attitude remains clearly bear until the wrestling stabilizes above a significant bear series, from 1 260 to 1560.
Statement: The above views and recommendations are the views of individual analysts, experts and companies producing, not mint. We advise investors to contact certified experts before making investment decisions.
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