Voltas, Blue Star, Havells share prices rise up to 78% in 6 months: Should you Buy, Sell or Hold the stocks?
Voltas, Blue Star Ltd, Havells India and Johnson Controls-Hitachi Air Conditioning India have seen their share price rise 42-78% in last one year Other Consumer appliances and fans manufacturers as Crompton Greaves Consumer Electricals, V- Guard Industries including Havells share price have also seen good rise of 42-46% in last six months.While Consumer appliances and durables demand including air conditioner had remained soft in 2023, start of 2024 and good summer season have led to strong lift in demand. The channel inventories have also streamlined and earlier concerns on high channel inventories are behind.
Even many regions suffering from intense heatwave saw inventory shortages. The strong demand momentum is likely to drive prospects for Voltas, Blue Star Ltd, Havells India and others share prices.Also Read- Pizza vs Burger: What should investors go with? Here's what Prabhudas Lilladher expects for QSRs like Domino's and McDAnalysts recent channel checks indicate that industry is awash in a sales boom following the heatwave, following years of sluggish demand.Analysts at Prabhudas Lilladher said that their channel checks indicate that Room Air Conditioner inventory levels are currently low, driven by the severe summer season.
Some channels operate on an order basis with inventory holding for 15-30 days, adjusting based on demand.In March, April and May Room AC increased by 40%, 75%, and 80% YoY. The expert projects 50% YoY growth for June.
Notably, a sizable portion of sales came from first-time customers. In certain Room Air Conditioner models, supply constraints were brought on by rising demand.Channel checks by Centrum Broking in East India also indicte similar trends, Intense heat wave in Eastern region over
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