Consumer durables shares gain on demand recovery in June; Polycab up 6%

Strong pent-up demand was seen in refrigerators, washing machines, and small appliances categories in June

Shares of consumer durables companies on Wednesday rose up to 6 per cent on the BSE on reports that the sector witnessed 95-100 per cent recovery in sales in June 2020 post relaxation of the novel coronavirus-induced lockdown.

Dixon Technologies (India) hit a 52-week high of Rs 6,150, after gaining 5 per cent on the BSE today. In the past month, the stock has rallied 23 per cent, as compared to 7 per cent rise in the S&P BSE Sensex. The company is the largest home-grown, design-focused and solutions company engaged in manufacturing consumer durables, lighting products and mobile