This consumer durables maker's stock jumps over 8%, trades at 3-month high: Here is why

The parent firm Whirlpool Corp. is looking to sell a 31% stake in Whirlpool of India Ltd, which generates 85% of its Asia revenue, while retaining a 20% holding, the report stated. It’s looking to raise net cash proceeds of ₹4,684-5,110 crore through the transaction.

The company’s advisor, Goldman Sachs, had launched a formal stake sale process earlier this month.

Following this, shares of Whirlpool of India were trading at ₹1,298.15 apiece on the National Stock Exchange, soaring 8.19%.

The company on January 30, 2025, had said, “Today, as part of its fourth-quarter earnings release, Whirlpool Corporation announced its intention to sell down its ownership interest in Whirlpool of India Ltd. ("Whirlpool India") to approximately 20% by mid to late 2025, by way of one or more market sales ("Anticipated Sell-Down"). Whirlpool Corporation, which currently holds a 51% ownership interest in Whirlpool India, expects to remain the largest shareholder following completion of the anticipated sell-down.”

It had further said that Whirlpool India will remain a relevant part of Whirlpool Corporation's portfolio, and the company continues to believe Whirlpool India has a strong long-term trajectory for growth.

Whirlpool Corporation, in its fourth-quarter earnings results, had said it expects net cash proceeds of $550 million to $600 million from the above-anticipated India transaction and sees the deal closing by mid to late 2025.

The consumer durables maker reported a 40.13% rise in its consolidated net profit to ₹53.53 crore in the September 2024 quarter.

Over the last five trading days, shares of Whirlpool have gained almost 18%. For a month’s period, the stock has rallied over 23.25%.

Meanwhile, since October 29, 2024, that is six months; Whirlpool of India shares have declined almost 38%. Year-to-date, it has lost 29%. The scrip was trading at three-months high on Tuesday.

The stock had touched its 52-week high on October 22, 2024, at ₹2,449.70 per share. Its one-year low was ₹899 apiece, touched on March 3, 2025. It has gained as much as 44.3% since its one-year low.