Whirlpool of India Surges: What Triggered the Rally?

Whirlpool of India has witnessed a sharp rally over the last two sessions, with the stock gaining strongly amid reports of a possible promoter stake sale. The stock surged around 20% on September 23 and continued its upward move, closing at ₹918.90 on September 25, up 7.67%. It also touched an intraday high of ₹960. The key trigger is reports that promoter Whirlpool Mauritius is exploring the sale of its remaining stake in Whirlpool of India. As of June 2026, Whirlpool Mauritius held around 39.76% in the company. Whirlpool of India clarified that the potential transaction is being explored by Whirlpool Mauritius and that the company itself is not involved in discussions with prospective buyers. The final buyer, transaction terms and completion of the deal remain key factors to watch. Technical View The recent rally has significantly improved the technical structure. The stock has moved above its 100-SMA near ₹806 and 200-SMA near ₹841, indicating strong buying momentum. RSI is around 71, showing strong momentum but also entering an elevated zone where short-term profit booking can occur. MACD has turned positive, supporting the current momentum. The ₹900–₹920 zone is now important. Sustaining above this area could keep the positive momentum intact, while a move below ₹900 may trigger some profit booking. On the upside, ₹960 is the immediate level to watch. My View This is currently a news-driven and momentum-driven rally. After such a sharp move, traders should watch price sustainability rather than chase the stock at elevated levels. Further updates on the promoter stake sale could remain an important catalyst. Disclosure: This article is for informational and educational purposes only and should not be considered investment advice. Views are based on publicly available information and technical analysis.