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New norms likely to hit demand, keep CG Consumer stock under pressure

The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators

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3 min read Last Updated : Dec 08 2022 | 11:22 PM IST

The stock of Crompton Greaves Consumer (CG Consumer) could continue to underperform the broader markets due to near-term challenges in the fans segment, where it is the market leader. The stock has underperformed the broader indices -- such as the BSE 100 -- with a flattish performance since the start of October.

The transition to energy efficiency norms from January 1 2023 for fans would mean near-term headwinds for the market leader due to destocking, demand drop and higher prices.

The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with

Topics : CG Consumer Brokerages Indices Commodity prices FMCG companies Indian equity markets CG Consumer Electricals FMCG stocks

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