Stove Kraft Gains 3.7% To Rs 804.95 As Induction Demand Bets Defy Market Volatility
Stove Kraft (Pigeon, Gilma) shares rose 3.7% to Rs 804.95, bucking broader volatility amid US-Iran fuel-price fears fuelling induction cooktop demand. The kitchenware maker posted 12.9% YoY sales growth and a ~50% profit jump, and appointed Chandru Kalro as vice chairperson. Stock is up 36% over the past year and 29% in the past month.
Stove Kraft (Pigeon, Gilma kitchenware) shares rose 3.7% as investors bet on rising induction cooktop demand amid US-Iran fuel-price fears. Company reported strong quarterly earnings and appointed Chandru Kalro as vice chairperson.
Why this matters
Extends Stove Kraft's induction-led momentum after its target price was raised 29% to Rs 900 on induction tailwinds and IKEA-Walmart export ramp, plus its FY27 growth bet above 15% and a 4x Q4 profit surge.
Retail-company signals accelerating at +659800% QoQ.