Whirlpool ready to create a Whirlpool. Can go 2x from here
Whirlpool: company's sales had been growing consistently till COVID
After COVID the sales shrinked. So did the profit
Sales have picked up now but there were other factors that ate up company's margin e.g., growing raw material cost due to war in Ukraine and china, Taiwan conflict.
Aggresive sales push from competitors by cutting margins.
Inflation is high and so are the interest rates.
Slowness can be seen across consumer durables market.
Pros:
Company sales has grown year on year after COVID
Net profit will be greater than last year
Slowly the margins will improve
Good promoter holding
FII stake has increased
Stock is down more than 50% from Life time high. Currently trading at 2018 levels
New plant came into operation in pondicherry and new inventory added.
Huge buying on daily chart
Potential of doubling from here
Head and shoulder pattern formation
If the trend reverses it can double from here.
Note: Only for educational purpose
After COVID the sales shrinked. So did the profit
Sales have picked up now but there were other factors that ate up company's margin e.g., growing raw material cost due to war in Ukraine and china, Taiwan conflict.
Aggresive sales push from competitors by cutting margins.
Inflation is high and so are the interest rates.
Slowness can be seen across consumer durables market.
Pros:
Company sales has grown year on year after COVID
Net profit will be greater than last year
Slowly the margins will improve
Good promoter holding
FII stake has increased
Stock is down more than 50% from Life time high. Currently trading at 2018 levels
New plant came into operation in pondicherry and new inventory added.
Huge buying on daily chart
Potential of doubling from here
Head and shoulder pattern formation
If the trend reverses it can double from here.
Note: Only for educational purpose