Whirlpool India Shares Fall Over 4% Following Multiple Large Trade
Whirlpool India Ltd.'s 3.13 crore shares were sold on BSE, PTI reported.
Shares of Whirlpool India Ltd. fell over 4% on Tuesday after 3.13 crore shares changed hands in multiple large trade.
Whirlpool India Ltd.'s 3.13 crore shares were sold on the BSE, PTI reported.
Further, Whirlpool Mauritius, the promoter company is likely to have divested 24% stake at a floor price of Rs 1,230 per share, which is at a discount of 7.6% from Monday's closing price, according to the term sheet reviewed by NDTV Profit.
The Whirlpool stock fell as much as 4.75% during the day to Rs 1,268 apiece on the NSE. It closed 3.67% lower at Rs 1,282.35 apiece, as compared with a 0.34% advance in the benchmark Nifty 50.
It has declined 0.36% in the past 12 months. The total traded volume so far in the day stood at 12,198 times its 30-day average. The relative strength index was at 31.4.
Five out of the 13 analysts tracking Whirlpool have a 'buy' rating on the stock, as many four recommend a 'hold' and four suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 3%.