Stocks to watch today: RIL, Amber Enterprises, ONGC, Ather Energy, NMDC, Voltas, Patanjali Foods, EaseMyTrip, Cochin Shipyard, Jindal Stainless, Brigade Enterprises, among others, will be in focus.
In the past three months, the Nifty Consumer Durable index surged 15 per cent, against a 2.7 per cent rise in the Nifty 50.
Brokerages expect Dixon Technologies and Amber Enterprises to benefit from the Centre's new electronics manufacturing incentives, though margin gains for Dixon may be lower than under PLI 1.0.
The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.
The government extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029.
Analysts see opportunities from localisation and backward integration, but warn that intense competition, thin margins and execution risks could weigh on returns
The BSE Consumer Durables index fell more than 3 per cent in intraday today. Among the individual stocks, Amber Enterprises tanked 17 per cent to ₹7,047.65.
Analysts at Axis Direct recommend a buy on Apollo Hospitals, Amber Enterprises and CG Power in their weekly stock picks, for a potential upside up to 19 per cent.
Analyst said that demand and consumption of electricity may further rise due to more intense heatwaves, with more frequent use of air conditioners, air coolers, and other appliances.