Whirlpool India's share price fell 6% after Jefferies downgraded the stock, citing a potential 11% downside.

Whirlpool India's share price fell 6% to a 52-week low after Jefferies downgraded the stock, citing an 11% potential downside. The decline follows the recent sale of a 24% stake in the India arm by Whirlpool Corp, which reduced its holding to 51%. Whirlpool CEO Marc Bitzer stated that the stake sale was due to high valuations and a disparity against the global parent, but emphasized that the company remains positive on India in the long term.

February 27, 2024
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