Whirlpool of India hit 52-week high amid report that Bosch is weighing offer to buy appliance maker's parent firm

Whirlpool of India hit a 52-week high on BSE on Thursday (June 27, 2024) amid a report that German engineering group Bosch is weighing a bid for the appliance maker's parent company in the US.

The stock of Whirlpool of India that closed trading at Rs 1,836.90 a day ago soared by 19.23 per cent to hit a 52-week high of Rs 2,190.05 on Thursday.

Whirlpool of India shares that began the session at Rs 2,100.15 were trading closed it higher by 8.37 per cent, or Rs 153.80, at Rs 1,990.70 on Thursday. 

Even as the Indian firm hit a 52-week high, the stock of its parent company in the US also rose by 12.7 per cent in early trading after the media report.

Why Whirlpool of India shares are rising

A source-based media report said that Bosch had been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalisation of about $4.8 billion.

The development came even as leading domestic indices BSE Sensex and Nifty 50 opened in the red. 

Whirlpool of India share price history

The Whirlpool of India stock has soared by 35.43 per cent in the one month, 53.46 per cent in the six months, and 42.42 per cent in the one-year period.

Benchmark Nifty 50, meanwhile, has jumped by 3.85 per cent in the one month, 9.98 per cent in the six months, and 26.56 per cent in the one-year period.