Whirlpool Shares Surge 12.16% After Clarification on Stake Sale
Whirlpool shares surged 12.16% to an intraday high of ₹959.60 after the company clarified that it is not a party to discussions or negotiations of Whirlpool Corporation, the promoter entity selling stake in the company. The Indian equity benchmarks were trading in a narrow range in noon deals on Friday, September 25, as gains in index heavyweights like HDFC Bank, Axis Bank, Mahindra & Mahindra, HCL Technologies, Asian Paints and Reliance Industries were offset by losses in Infosys, Eternal, ICICI Bank, Trent and Hindustan Unilever.
The SENSEX traded in a band of 323 points and NIFTY50 index touched an intraday low of 23,030 and a high of 23,122. As of 12:01 pm, the SENSEX was up 122 points at 73,702 and NIFTY50 index advanced 9 points to 23,069. The market environment reflected a mix of optimism and caution, with heavyweights posting gains while several mid‑cap and sector‑specific stocks experienced volatility due to regulatory and corporate developments.
Indegene: Shares of the healthcare research company advanced 4.8% to an intraday high of ₹622 amid spike in trading activity. Trading volume in the stock jumped 4.8 times to 15.10 lakh shares compared with an average volume of 3.13 lakh shares on the National Stock Exchange (NSE). The surge was driven by heightened investor interest and a significant increase in daily share turnover, indicating a robust demand for the company’s shares.
PB Fintech: Shares of the insurance distribution services provider dropped for a second straight session after staging its biggest single day fall on record in the previous session. The stock dropped as much as 11.64%, from day’s highest level to an intraday low of ₹1,115. It was mirroring losses in other insurance stocks after the Insurance Regulatory and Development Authority of India (IRDAI) proposed changes to the commission structure and regulations governing insurance distributors. Trading volume jumped by 5 times to 3.14 crore shares compared with an average volume of 65.60 lakh shares on the NSE.
Whirlpool of India: Shares surged 12.16% to ₹959.60 after the company clarified it is not a party to discussions of Whirlpool Corporation, the promoter selling stake. Trading volume rose 3.8 times to 1.53 crore shares versus an average of 40.71 lakh. Godrej Industries: Shares rose 4.4% to ₹1,147 after selling 0.5% stake in Godrej Consumer Products; volume jumped 3.8 times to 1.78 lakh shares. Balrampur Chini Mills: Shares advanced 4.55% to ₹688.75 after receiving a ₹75 crore grant from BIRAC for a 100 TPA PLA CoPolymer R&D facility; volume rose 2.8 times to 25.36 lakh shares.