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Research Report Detail
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|Target Hit|| Long (1Y)
Nirmal Bang initiates Whirlpool India with buy
We believe the home appliance industry is at an inflection point and poised for a strong demand uptick whereby Whirlpool of India is likely to be the key beneficiary, the brokerage said. The home appliance industry is likely to post a 15 per cent CAGR in volume terms over the next 5-7 years from its subdued penetration level currently," the brokerage adds.