Why is Whirlpool India falling/rising?
As of 21-Jul, Whirlpool of India Ltd's stock price is 1,425.20, down 1.36% after a trend reversal. Despite recent short-term gains, the stock has underperformed over the year with a -28.53% return, indicating a lack of investor confidence.
As of 21-Jul, Whirlpool of India Ltd is experiencing a decline in its stock price, currently at 1,425.20, which reflects a decrease of 19.6 points or 1.36%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has performed positively over the past week and month, with returns of 3.19% and 7.72%, respectively. However, it has significantly underperformed over the year, with a return of -28.53%. The company has declared positive results for the last five consecutive quarters, showcasing a strong ROCE and growth in profits, which may have contributed to rising investor participation, as evidenced by a notable increase in delivery volume.In the broader market context, while Whirlpool of India has seen some short-term gains, it has underperformed against the benchmark Sensex, which has remained relatively flat over the same periods. The stock's long-term growth prospects appear poor, with a negative annual growth rate in operating profit over the last five years. Additionally, despite high institutional holdings and a fair valuation compared to peers, the stock's significant decline over the past year indicates a lack of confidence among investors, particularly as it has generated negative returns while the broader market has shown positive movement.
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