Shares of Whirlpool of India Ltd. experienced a dramatic surge on Wednesday, climbing 20 percent to reach a high of Rs 865.35. This sharp upward movement was attributed to reports from CNBC Awaaz, citing sources, indicating that Whirlpool Mauritius is considering divesting its stake in Whirlpool India.
Whirlpool Mauritius held a substantial 39.76 percent stake in Whirlpool India as of the quarter ending June 2026. Business Today, the original source of this news, noted that it could not independently verify the report at the time of publication.
Trading activity for the stock was significantly elevated, with approximately 8.91 lakh shares changing hands on the BSE. This volume far exceeded the two-week average of about 94,000 shares, reflecting heightened market interest. The company's market capitalization stood at Rs 10,978.85 crore, with a turnover of Rs 73.57 crore for the day.
Analyst Perspectives on Whirlpool India Shares
Despite the day's robust performance, the stock remains down by 34.53 percent over the past 12 months, highlighting a challenging period prior to this recent rally.
Several analysts offered their technical insights following the surge:
- AR Ramachandran, SEBI-registered research analyst at Tips2trades, commented, "Whirlpool of India stock price is bullish on daily charts with strong support at Rs 772. A daily close above the resistance of Rs 875 could lead to an upside target of Rs 978 in the near term."
- Jigar S Patel, Senior Manager – Technical Research at Anand Rathi, noted, "Support is placed at Rs 820, while resistance is seen near Rs 900. A decisive move above Rs 900 could trigger a further upside towards Rs 940. The stock is expected to trade within the Rs 820-940 range in the short term."
Investors are advised to consult with a qualified financial advisor before making any investment decisions, as market movements can be volatile.