Techno-Funda

Whirlpool Techno-Funda Report


Fundamental Outlook: Whirlpool (WIL) has shown strong growth traction in last 3-years, with steady revenue growth, sustainable EBITDA margins and improving bottomline. We like Whirlpool due to its impressive return ratios, robust free cash flow, negative working capital cycle and ample cash in its books. With the Home Appliances industry expected to post a healthy CAGR of 13%-15% over the next 5-years, a strong franchisee like Whirlpool will be a key beneficiary and will outperform the industry growth. We recommend a Buy on Whirlpool with a target price of Rs 1976 per share.

 

Technical Outlook: The stock after a nine week consolidation has seen good buying which clearly suggests that the stock is showing good accumulation pattern. Further, the volumes bar also shows some institutional buying interest in this stock. We are of the opinion that stock is likely to test 1800 – 1954 (the all-time high) or even extent its gains up to 2100 – 2200 levels in 12 to 15months.

Tags: Technical StocksFundamental StocksTechnical PickFundamental PickTechno-Funda


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