Whirlpool rises on plan to open 15 showrooms in next one year

15 Dec 2014 Evaluate

Whirlpool of India is currently trading at Rs. 617.65, up by 4.20 points or 0.68% from its previous closing of Rs. 613.45 on the BSE.

The scrip opened at Rs. 607.30 and has touched a high and low of Rs. 629.00 and Rs. 601.00 respectively. So far 32901 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 694.70 on 17-Nov-2014 and a 52 week low of Rs. 172.00 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 644.00 and Rs. 603.05 respectively. The current market cap of the company is Rs. 7928.22 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.48% and 10.52% respectively.

In a bid to achieve Rs 200 crore turnover by 2017-2018 from kitchen appliances business, Consumer durables major Whirlpool of India is planning to open 15 showrooms for built-in kitchen appliances across the country in the next one year. Moreover, the showrooms will be franchised.

Last month, Whirlpool opened its first exclusive built-in showroom called ‘Whirlpool Haute Kitchen’ in Jaipur. The company, which expects its kitchen appliances segment to be one of the future growth drivers, expects to record Rs 30 crore turnover in the current year. The company is working with a number of modular kitchen manufacturers for its built-in appliances and also talking to builders for providing its products to luxury apartments.

Whirlpool of India is the leading Home Appliance Company which provides variety of household products like refrigerator, washing machine, air conditioner, microwave oven etc.

 

Whirlpool Of India Share Price

1702.05 -10.05 (-0.59%)
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