Budget MyPick: Expecting a consumption-oriented budget coming in from the Modi 2.0 Government on February 1st, Nirmal Bang Securities has said that Whirlpool would be its pick ahead of Budget 2020 (#BUDGET2020ZEE). The stockbroker firm is of the opinion that Whirlpool is a debt-free company and is expected to report 15-20 per cent topline profit and its earning potential is very high. Though Whirlpool shares are priced at higher levels, it can be a better portfolio stock ahead of the Budget 2020 presentation, said Nirmal Bang Securities stock expert Rahul Arora.

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Speaking on the strong fundamentals of Whirlpool, Rahul Arora, CEO at Nirmal Bank Securities said, "Budget 2020 is expected to remain a consumption-oriented one. Hence, I would bet upon Whirlpool shares as it has strong fundamentals that indicate an upside swing in the long-term time horizon." Arora went on to add that Whirlpool is a debt-free company, that itself reflects the strong financials of the company. He said that the company is expected to report around 15-20 per cent topline annual growth and it has around Rs 1,000 cash on books, which is enough to understand the cash flow in the company.

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"Whirlpool has the ability to generate around R 250 to Rs 300 crore free cash per annum, which means the expected topline growth is within the reach of the company we are talking about. I would advise stock market investors to buy Whirlpool shares ahead of the Budget 2020 and hold it for long-term time horizon and book whopping returns at the end of at least one year," said Rahul Arora of Nirmal Bang Securities.

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Whirlpool share price is at around Rs 2,418 per stock levels and in the last one-month, Whirlpool share price has oscillated around Rs 2,400 per stock levels. In this period, Whirlpool share price made a low of Rs 2,248.90 per stock levels while it made a high of Rs 2,494.90 per stock levels in the same period. So, in the last one month, Whirlpool share price has made a range of Rs 2,245 to Rs 2,495.