The top 8 listed stocks in this sector have delivered 69 per cent returns, while the Nifty50 is up 24 per cent and the Nifty500 gained 37.5 per cent over this period. In addition to a good performance in the June quarter, hopes of a recovery in domestic appliances and price hikes are the key near-term triggers for the stocks going ahead.
Top line growth in the June quarter is expected to be strong as rising temperatures increased the demand for air conditioners in the April-June quarter. JM Financial said in its report that companies witnessed the highest growth in Room Air Conditioners (RAC) on the back of a strong season, and improvement in demand for refrigerators.
Diese Geschichte stammt aus der July 18, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der July 18, 2024-Ausgabe von Business Standard.
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