Hot Pursuit     09-Jul-12
Whirlpool of India drops on profit taking after 3-day 13.5% rally
Whirlpool of India fell 2.8% to Rs 220.10 at 11:12 IST on BSE, with the stock sliding on profit booking after 3-day 13.5% rally.

Meanwhile, the BSE Sensex was down 91.55 points or 0.52% to 17,429.57.

On BSE, 4,771 shares were traded in the counter as against average daily volume of 20,353 shares in the past one quarter.

The stock hit a high of Rs 226 and a low of Rs 220.10 so far during the day. The stock had hit a 52-week low of Rs 141.80 on 9 January 2012. The stock had hit a 52-week high of Rs 271.50 on 7 July 2011.

The stock had outperformed the market over the past one month till 6 July 2012, surging 11.03% compared with the Sensex's 6.48% rise. The stock had, however, underperformed the market in past one quarter, falling 0.18% as against Sensex's 0.2% rise.

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

The Whirlpool of India stock had risen sharply last week in what was a broad-based rally in shares of air-conditioner (AC) makers. The stock had jumped 13.5% in three trading sessions to settle at Rs 226.45 on Friday, 6 July 2012, from a recent low of Rs 199.50 on 3 July 2012. Shares of AC makers surged last week on reports AC manufacturers recorded strong growth in sales in May and June 2012 as extreme heat in the Northern and Eastern regions led to brisk sales.

Whirlpool of India's net profit fell 21.2% to Rs 37.16 crore on 7.1% growth in net sales to Rs 731.02 crore in Q4 March 2012 over Q4 March 2011.

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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