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The Economic Times
The Economic Times
Business
Kumar Gaurav

Whirlpool of India stock soars 20% to hit upper circuit on promoter stake sale buzz

Whirlpool of India Whirlpool Kumar Gaurav BSE SEBI

Shares of household appliances maker Whirlpool of India saw massive demand and surged 20% to hit the upper circuit during intraday trading on the BSE on Wednesday, September 23, after reports suggested that promoter Whirlpool Mauritius is mulling to sell its entire remaining stake in the company.

Whirlpool of India shares kicked off the trading session with marginal gains at Rs 722.05 apiece, against the previous close of Rs 721.15 apiece on the BSE. The counter then surged 20% to hit the upper circuit of Rs 865.35 per share. Trading in the stock was subsequently halted after it hit the upper circuit.

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