Shareholding data shows that fund managers raised their stake in Whirlpool of India by 20 percentage points to 31.14% in Q4FY24 against 11.12% in the preceding quarter ended December 31
The midcap mutual fund category showed varied performance in the January-March 2024 quarter, with several schemes outperforming their benchmarks. Investors should consider long-term horizons for mid cap investments to manage volatility effectively.
The company s outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock s fair value to Rs 3,750, a 1.5% climbdown from Tuesday s closing price of Rs 3,811.