 "Whirlpool of India hits new high")
Whirlpool of India has zoomed 14% to Rs 608 on National Stock Exchange (NSE), on back of heavy volumes.
The stock opened at Rs 555 and touched a new high of Rs 639. At 0945 hours, a combined 450,000 shares changed hands against an average around 300,000 shares that were traded daily in past two weeks on NSE and BSE.
Shares of consumer durables company has rallied 35% in past two weeks from Rs 474 on October 30, after reported an over two-fold jump in net profit of Rs 40.70 crore for the quarter ended September 30. The company posted a net profit of Rs 16.54 crore in the same quarter last fiscal.
Meanwhile, the company posted a net profit of Rs 124 crore in first half (April-September 2014) of current financial year 2014-15 as compared to Rs 66 crore during the same period last year. It had profit of Rs 123 crore in entire previous financial year 2013-14.
Whirlpool of India is engaged in manufacturing and marketing of refrigerators, washing machines, air conditioners, microwave ovens and small home appliances.
The stock opened at Rs 555 and touched a new high of Rs 639. At 0945 hours, a combined 450,000 shares changed hands against an average around 300,000 shares that were traded daily in past two weeks on NSE and BSE.
Shares of consumer durables company has rallied 35% in past two weeks from Rs 474 on October 30, after reported an over two-fold jump in net profit of Rs 40.70 crore for the quarter ended September 30. The company posted a net profit of Rs 16.54 crore in the same quarter last fiscal.
Meanwhile, the company posted a net profit of Rs 124 crore in first half (April-September 2014) of current financial year 2014-15 as compared to Rs 66 crore during the same period last year. It had profit of Rs 123 crore in entire previous financial year 2013-14.
Whirlpool of India is engaged in manufacturing and marketing of refrigerators, washing machines, air conditioners, microwave ovens and small home appliances.