YES Securities is bullish on Whirlpool of India has recommended buy rating on the stock with a target price of Rs 1690 in its research report dated May 17, 2023.

Sales were lower due to subdued market conditions and calibrated price correction actions, said the company.

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CEOs of global consumer-facing companies like Apple, Coca-Cola, Unilever, Mondelez, Yum! Brands, Mastercard, Pernod Ricard, Crocs, Skechers, and Whirlpool have reported strong resilience and growth in their India businesses. With China yet to recover to pre-Covid consumption levels, India has become a major focus for these companies' long-term growth potential.

Midea made a preliminary approach in recent weeks to the white-goods manufacturer about a potential deal, said the people, who asked not to be identified because discussions are private. Electrolux has so far not been receptive to the proposal, some of the people said.

The Delhi High Court's order restraining YouTube channels from publishing misleading content about Aaradhya Bachchan, the granddaughter of Amitabh Bachchan, could pave the way for making companies more responsible, say experts.

The worst hit stocks in the sector are contract manufacturers of electronic appliances Amber Enterprises and Dixon Technologies. While Amber Enterprises has nosedived more than 42% so far in FY23, Dixon has lost about 31%.

YES Securities is bullish on Whirlpool of India has recommended buy rating on the stock with a target price of Rs 1707 in its research report dated February 01, 2023.

Whirlpool of India, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 17057.92 Crore) operating in Consumer Durables sector.