{"id":143889,"date":"2025-01-30T14:57:01","date_gmt":"2025-01-30T09:27:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143889"},"modified":"2025-01-30T14:57:03","modified_gmt":"2025-01-30T09:27:03","slug":"stock-hits-20-lower-circuit-after-its-parent-company-plans-to-sell-20-stake","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-20-lower-circuit-after-its-parent-company-plans-to-sell-20-stake\/","title":{"rendered":"Stock hits 20% lower circuit after it&#8217;s parent company plans to sell 20% stake"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2428243973\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading consumer Durables stock specializing in manufacturing kitchen and laundry products hit a 20 percent lower circuit after its promoter plans to cut down its ownership by 61 percent in the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2861183524\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of 20,015 Crores on Thursday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/WHIRLPOOL\" target=\"_blank\" rel=\"noreferrer noopener\">Whirlpool of India Ltd <\/a><\/strong>hit a 20 percent lower circuit after making a low of Rs 1,260.80 compared to its previous closing price of Rs 1,575.95.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Whirlpool of India Ltd specializes in manufacturing kitchen and laundry products have announced that its parent company Whirlpool Corporation intends to sell down its ownership interest in Whirlpool of India Ltd to approximately 20 percent by mid to late 2025.<\/p><p>Whirlpool Corporation currently holds 51 percent ownership in the company and expects to remain the largest shareholder following the compilation of the Anticipated sell down.<\/p><div class=\"trade-content_5\" id=\"trade-782516603\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company will remain a relevant part of Whirlpool&#8217;s portfolio and continue to have a strong long-term trajectory for growth. The anticipated sell-down to result in increased autonomy for the company to adjust the Industry conditions and focus on accelerated growth and utilizing its well-funded business to invest further in the business.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Whirlpool Corporation is a global leader in home appliances and offers a wide range of innovative products, including refrigerators, washing machines, dishwashers, and cooking appliances. With a strong presence in North America, Europe, and Asia, Whirlpool operates under various brands like Whirlpool, KitchenAid, and Maytag.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 13.3 percent from Rs 1,555.45 crore to Rs 1,762.32 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 36.58 crore to Rs 52.02 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong>&nbsp;<\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-724826999\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading consumer Durables stock specializing in manufacturing kitchen and laundry products hit a 20 percent lower circuit after its promoter plans to cut down its ownership by 61 percent in the company. Price action With a market capitalization of 20,015 Crores on Thursday, the shares of Whirlpool of India [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,3157,2597,4952,14831,14830,17301],"class_list":["post-143889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch","tag-whirlpool","tag-whirlpool-of-india-latest-news","tag-whirlpool-of-india-share-price","tag-whirlpool-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock hits 20% lower circuit after 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