InvestorQ : Is this the right time to buy Whirlpool India Ltd, although the stock has rallied so sharply in the last few years?
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Is this the right time to buy Whirlpool India Ltd, although the stock has rallied so sharply in the last few years?

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Angel dcosta answered.
1 year ago
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Whirlpool India had recently reported a 22.9% rise in net profits at Rs.76.5 crore for the quarter ending December 2019. It had earlier reported a net profit of Rs 62.23 crore in the year ago quarter. Total income for the company was up 5.83% at Rs.1311 recording a growth of nearly 8% on a YOY basis, despite pressure on consumer demand. Revenue growth was also temporarily impacted because of a shift in Diwali timing apart from softer consumer demand. However, the consumer demand is expected to pick up sharply on the back of the latest budget giving away some fiscal incentives. Total expenses of the company were also up by 7% on a YOY basis during the quarter. You can bet on the stock as a proxy for demand revival as an outcome of the budget stimulus provided by finance minister.

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