Jefferies upgrades Whirlpool India to 'hold' after sharp fall, budget tax relief

Whirlpool

03/02/2025 05:33

** Whirlpool of India  WHIR.NS  up 3.7% at 1219.95 rupees
    ** Jefferies raises to 'hold' from 'underperform', saying
budget's income tax cuts is positive for consumer durables
demand
    ** Says WHIR's valuation is better after sharp ~35% slide as
parent Whirlpool  WHR.N  cuts stake; adds that could give WHIR
more autonomy
    ** Raises FY26-27 EPS estimates by 5-8%, with FY25-27 profit
CAGR at +22%
    ** Stock rated 'buy' on avg by 12 analysts, mean PT of 2032
implies a ~67% upside -LSEG

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))