Budget 2020 MyPick: This share can give whopping returns in long-term, says Nirmal Bang stock expert Rahul Arora
Budget MyPick: Expecting a consumption-oriented budget on February 1st, Nirmal Bang Securities' Rahul Arora has said that Whirlpool would be its budget share to buy.
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.
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.
See Zee Business tweet on Whirlpool shares:
बजट 2020 से पहले निर्मल बंग सिक्योरिटीज के CEO राहुल अरोरा ने किस शेयर को चुना शानदार कमाई के लिए? जानें #BudgetMyPick में#BUDGET2020ZEE #Budget2020 @AnilSinghvi_ @NirmalBang pic.twitter.com/RL2odrHYuA
— Zee Business (@ZeeBusiness) January 29, 2020
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.
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