** Whirlpool of India WHIR.NS up 3.7% at 1219.95 rupees

** Jefferies raises to 'hold' from 'underperform', saying budget's income tax cuts is positive for consumer durables demand

** Says WHIR's valuation is better after sharp ~35% slide as parent Whirlpool WHR.N cuts stake; adds that could give WHIR more autonomy

** Raises FY26-27 EPS estimates by 5-8%, with FY25-27 profit CAGR at +22%

** Stock rated 'buy' on avg by 12 analysts, mean PT of 2032 implies a ~67% upside -LSEG

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))