LKP Shares is bullish on Whirlpool of India and has recommended a buy rating on the stock with a target of Rs 356 in its June 1, 2010 research report.
“We expect Whirlpool of India to grow its net profits at a CAGR of 31% over the next two years on the back of an expected 22.8% CAGR growth in revenues. We initiate coverage on Whirlpool of India, trading at 12.9xFY’12E earnings of Rs 20.3 with a buy rating and have a one year price target of Rs 356 on the stock which offers an upside potential of 36%,” says LKP Shares research report.
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