What Should You Do With Whirlpool India Shares As Promoter To Sell 24% Stake. Stock Nears 52-Wk Low

Dharmesh Kant, Head of Equity Research at Cholamandalam Securities, has weighed in on the recent 5% drop in Whirlpool India shares on Tuesday (Feb 20th) following news of its parent company's potential sale of a 24% stake or 3 crore shares. Dharmesh Kant highlights the thriving FMCG sector, driven by rising demand and lower product prices. Regarding Whirlpool's stake sale, he emphasizes the importance of discerning the nature of the buyer, whether strategic or otherwise, suggesting it as a crucial factor to consider amidst the market turbulence.