Cool ride for Whirlpool's investors on healthy pick-up in demand

Healthy demand improves earnings visibility; shares scale to all-time high and post the highest daily gain since March

Shares of household appliance maker Whirlpool of India, which scaled to their all-time high of Rs 2,578.40 in intra-day trade on Thursday, are on track for their best monthly return since Oct 2019. The shares, which on Thursday posted their highest daily gain since March, are rising on the back of a healthy pickup in demand and easing of supply chain issues, which points to improved earnings outlook.

While a large part of the growth in the September 2020 quarter was driven by healthy pent-up demand, analysts say strong festive season sales coupled with new product launches and market share