Why is Whirlpool India falling/rising?
As of 10-Nov, Whirlpool of India Ltd's stock price is Rs 1,277.30, down 4.6% and has declined 10.23% over the last six days. The stock has underperformed significantly over the past year, with a return of -37.44%, amid broader sector challenges and declining investor participation.
As of 10-Nov, Whirlpool of India Ltd's stock price is currently at Rs 1,277.30, reflecting a decline of Rs 61.65 or 4.6%. The stock has been on a downward trend, having underperformed its sector by 2.51% today and experiencing a consecutive fall over the last six days, resulting in a total decline of 10.23% during this period. In terms of longer-term performance, the stock has generated a return of -37.44% over the past year, significantly underperforming the benchmark Sensex, which has increased by 5.09% in the same timeframe. Despite a low debt-to-equity ratio and a fair valuation compared to peers, the stock's recent performance is hindered by poor long-term growth, as evidenced by a negative annual operating profit growth rate and declining quarterly profits.Broader market context indicates that the domestic appliances sector has also faced challenges, with a decline of 2.32%. The stock's short-term performance is notably worse than the benchmark, which has only fallen by 0.53% over the past week, while Whirlpool's stock has decreased by 7.20%. Additionally, there has been a drop in investor participation, with delivery volume falling by 18.24% against the five-day average. This combination of consistent underperformance against benchmarks, declining sales, and overall sector weakness contributes to the stock's current downward trajectory.
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