Whirlpool of India hits near 2-year high on HUL agreement

Whirlpool of India

13/06/2024 07:20

** Shares of Whirlpool of India Ltd  WHIR.NS  rise as much
as 2.8% to 1,837.80 rupees, hitting its highest since Sept. 8,
2022
    ** Home appliances maker says, it has entered into a joint
marketing agreement with Hindustan Unilever Ltd  HLL.NS  for
developing joint marketing programs, product sampling,
advertorials etc
    ** Adds, marketing agreement will initially be in force for
3 years, which may be renewed on terms mutually
    ** Stock on track to gain for 7th straight day
    ** More than 369,000 shares traded as of 11:44 a.m. IST,
~28% over their 30-day moving avg of 288,049 shares
    ** Mean rating of 12 analysts rating the stock is "hold";
their median PT is 1,470 rupees, 25% lesser than today's high -
LSEG data
    ** WHIR last up 1.8%, adding to YTD gains of 33.2% 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))