Select stocks of consumer durable companies, especially, makers of summer appliances such as air conditioners (ACs), air coolers, refrigerators, fans among others have been on a swift rise recently in anticipation of strong demand for cooling products this summer.
On a year-to-date basis, Voltas, Havells India, Symphony, Blue Star and PG Electroplast have gained 6-27 per cent versus a 2 per cent and 3 per cent decline in the BSE Sensex and BSE Consumer Durables indices.
With the mercury currently on the boil, analysts remain bullish on the sector as they see more upside in the shares over the near-term and advise investors to pick stocks selectively.
ALSO READ: Hotter summer likely in 2023; above normal t
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