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Whirlpool of India soars to record high

Reuters

Reuters Market Eye - Whirlpool of India (WHIR.NS) surges as much as 20 percent to its daily limit, touches life high.

The company aims to grow revenue by nearly 2.5 times in next three years, it tells analysts on Wednesday.

Guidance implies compounded annual growth rate of 35 percent over FY14-FY17.

Whirlpool's revenue stood at 28.34 billion rupees in FY14.

"Company is targeting higher market share, aggressive product launches in coming few years," an analyst who attended the meet says.

Company spokesman was not immediately reachable for comment.

(Reporting by Abhishek Vishnoi)