)
Whirlpool of India has locked in upper circuit for second straight day, up 10% at Rs 454 on BSE, after reporting a strong 66% year on year (yoy) jump in net profit at Rs 83 crore for the quarter ended on June 30, 2014 (Q1). The stock is currently trading at its new lifetime high.
The operating margins of the consumer electronics company expanded 300 basis points to 12.7% during the recently concluded quarter.
On the outlook, the company said its plan to introduce over 200 new models in 2014 is on track. It has already put into market a new range of air conditioners, refrigerators and washing machines, the statement added.
The stock opened at Rs 419 and touched a low of Rs 403 in early morning deals on BSE. Till 1315 hours, around 119,000 shares changed hands and there are pending buy orders for 10,000 shares on BSE.
The operating margins of the consumer electronics company expanded 300 basis points to 12.7% during the recently concluded quarter.
On the outlook, the company said its plan to introduce over 200 new models in 2014 is on track. It has already put into market a new range of air conditioners, refrigerators and washing machines, the statement added.
The stock opened at Rs 419 and touched a low of Rs 403 in early morning deals on BSE. Till 1315 hours, around 119,000 shares changed hands and there are pending buy orders for 10,000 shares on BSE.
