This is giving undue advantages to air cooling solutions players discounting the higher demands in Q1FY25 sales. Over the medium-term, demand outlook we expect a higher 2 digit sales growth can be reported due to warning headlines, said Prashanth Tapse, Mehta Equities Ltd.
Havells, Voltas, Symphony: Many white goods companies such as air conditioner maker Voltas Ltd or cooler maker Symphony, fan and cooler maker Havells India and maker of refrigerators Whirlpool of India rely on summer sales.
Short-term traders can look to buy Symphony stock for a possible target above Rs 1000 level in the next 5 weeks, suggested experts. It hit a 52-week high of Rs 1,218 on March 1, 2023, but failed to hold on to the momentum. The stock closed at Rs 933 on January 15, 2024, which translates into a fall of over 23%.