Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 633.65 points or 2% at 32391.86 at 09:48 IST. Among the components of the S&P BSE Consumer Durables index, Blue Star Ltd (up 6.19%), Crompton Greaves Consumer Electrical Ltd (up 2.83%),Titan Company Ltd (up 2.65%),Bajaj Electricals Ltd (up 1.68%),Voltas Ltd (up 1.55%), were the top gainers. Among the other gainers were Orient Electric Ltd (up 1.11%), Whirlpool of India Ltd (up 0.96%), TTK Prestige Ltd (up 0.87%), Amber Enterprises India Ltd (up 0.51%), and Dixon Technologies (India) Ltd (up 0.44%). On the other hand, V I P Industries Ltd (down 0.26%), moved lower.
Consumer Durables stocks were trading in the negative zone, with the S&P BSE Consumer Durables index falling 109.96 points or 0.34% at 32595.21 at 13:48 IST. Among the components of the S&P BSE Consumer Durables index, Amber Enterprises India Ltd (down 1.8%), Voltas Ltd (down 1.77%),TTK Prestige Ltd (down 1.39%),Rajesh Exports Ltd (down 1.05%),Dixon Technologies (India) Ltd (down 0.62%), were the top losers. Among the other losers were Titan Company Ltd (down 0.27%), and Bajaj Electricals Ltd (down 0.25%). On the other hand, V I P Industries Ltd (up 6.83%), Orient Electric Ltd (up 3.7%), and Blue Star Ltd (up 0.89%) moved up.
At 13:48 IST, the S&P BSE Sensex was up 573.13 or 1.11% at 52117.43.
Read more about Consumer Durables stocks rise on Business Standard. Consumer Durables stocks were trading with gains, with the S&P BSE Consumer Durables index increasing 467.56 points or 1.47% at 32189 at 09:48 IST.
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Amber Enterprises India Ltd., one of the biggest potential beneficiaries of Prime Minister Narendra Modi’s ambitious self-reliance program, forecasts higher overseas sales aided by government incentives.
The Gurgaon-based firm, which manufactures parts for air conditioners, washing machines and other appliances produced by the likes of LG Electronics Inc., Hitachi Ltd. and Voltas Ltd., aims to earn 10 per cent-15 per cent of revenue from exports in five years, up from almost nothing right now. It is building two new factories and predicts Modi’s administration will use non-tariff measures such as banning the import of such components to boost local manufacturing.
Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 406.38 points or 1.29% at 31811.53 at 09:48 IST. Among the components of the S&P BSE Consumer Durables index, Dixon Technologies (India) Ltd (up 2.42%), Orient Electric Ltd (up 1.9%),Voltas Ltd (up 1.62%),Bajaj Electricals Ltd (up 1.57%),Titan Company Ltd (up 1.56%), were the top gainers. Among the other gainers were Blue Star Ltd (up 1.23%), V I P Industries Ltd (up 1.05%), Crompton Greaves Consumer Electrical Ltd (up 0.48%), Whirlpool of India Ltd (up 0.48%), and Amber Enterprises India Ltd (up 0.39%). On the other hand, TTK Prestige Ltd (down 0.11%), moved lower.