Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

The India Meteorological Department (IMD) expects a hotter-than-usual March-May across most parts of the country this year. Consequently, Dalal Street investors are catching up on stocks of consumer durable companies, especially those in the household appliance space.

Shares of Johnson Control-Hitachi, Voltas, Blue Star, Symphony and PG Electroplast saw gains of 8-28 per cent in February, which was the hottest since 1901, as per the IMD. In comparison, the BSE Sensex and BSE Consumer durables index declined 1 per cent each.

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm