Stock of the Week: Whirlpool of India with Consistent Dividends

23 de jun.

Fundamental Analysis:
WHIRLPOOL Whirlpool of India has shown consistent financial strength, making it a top pick for this week. The company has maintained higher dividends for the past seven years, highlighting its commitment to returning value to shareholders. As a prominent player in the household consumables sector, Whirlpool benefits from strong market positioning. Additionally, its liquid assets exceed any obligations, ensuring financial stability and flexibility.

Technical Analysis:
From a technical perspective, WHIRLPOOL Whirlpool of India is exhibiting a bullish double bottom pattern, which is a strong indicator of potential upward movement. The stock is currently in a buying zone, following a significant two-year breakout on the back of HINDUNILVR HUL news. This breakout is supported by higher relative strength compared to the broader market and a good volume range, indicating robust investor interest.

Trade Setup:

• Entry: Buy in the buying zone indicated in the chart
• Stop Loss: 1630.15
• Potential Upside: 2553 (35-40%)