Whirlpool India share price traded at over 3 per cent in today’s trading session to make an intraday high of Rs 987.40.
Whirlpool of India, a consumer appliance maker, is investing about Rs 140 crores in the next two years in its existing plants to expand production capacity and manufacture new products. The company which is aiming to double sales in the next four years expects non-core segments such as air-conditioners and built-in kitchen appliances to contribute to 20 per cent of total sales by then.
The company’s operating plants are located at Faridabad, Puna and Puducherry and it manufactures up to 90 per cent of the domestic needs. The company had spent Rs 75 crores capex in 2015-16. In the current financial year, it plans to take this number up by 25 per cent. For the next financial year 2017-18, the company intends to increase capex further by 50 per cent over 2016-17 base.
Whirlpool of India manufactures appliances. The company produces refrigerators, washing machines, air conditioners, microwave ovens, water purifiers, built-in appliances as well as other products.
Home appliances maker Whirlpool India, which is aiming to double sales in the upcoming four years, expects non-core segments like air conditioners and built-in kitchen appliances to contribute to 20 per cent of total sales by then.
Whirlpool India share price is trading at Rs 969.15 at 12.44 PM, up by 2.85 per cent or 26.90.
Whirlpool India is one of the multibagger stocks identified by Dynamic Levels research team out of the top 500 stocks. The share is accompanied by strong fundamentals data and good stock performance. As observed, these companies multiply their earnings per share every year. These shares have a great potential to grow in the long run.
Get the important historical share price of the company at Whirlpool India share price history.
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