Voltas, Blue Star, Crompton rally up to 5% as delayed monsoon extends AC demand window
Cooling product makers surged on below-normal rainfall (34.3 mm vs 47.7 mm LPA) prolonging summer sales. Axis Securities flagged Voltas (target ₹1,900) and Blue Star as top picks, citing supply constraints supporting margins. Voltas hit ₹1,698; Crompton at ₹275.60.
AC maker stocks Voltas, Blue Star, Crompton rallied up to 5% on delayed monsoon and below-normal rainfall boosting cooling product demand expectations. Axis Securities bullish on Voltas and Blue Star, citing extended summer sales and supply constraints supporting margins.