Shares of induction cooktop-making companies have rallied as much as 30 per cent over the past three sessions as an LPG shortage across parts of the country pushed households to look for alternative cooking options. LPG is a key cooking fuel used by both households and commercial establishments.
Shares Of Induction Cooktop-Making Firms Rally Up To 30% In Three Days Amid LPG Supply Shortage
Shares of induction cooktop-making companies have surged by as much as 30 per cent over the past three trading sessions as an LPG supply shortage pushed consumers to look for alternative cooking options.
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The shortage has triggered a sharp surge in demand for induction stoves, leading to limited availability on several major online platforms.
Searches on e-commerce and quick-commerce apps such as Amazon, Flipkart, Blinkit and Swiggy show many induction cooktop models listed as “out of stock” or “currently unavailable”.
Tighter LPG supply is pushing many households to switch to electric cooking appliances. Induction cooktops are becoming a popular alternative to gas stoves.
Consumer Durable Stocks Rally
Leading the gains, TTK Prestige zoomed upt to 30 per cent over the previous three sessions, followed by Butterfly Gandhimathi Appliances, which gained over 19 per cent. Stove Kraft, which sells its products under the popular brand ‘Pegion’, rallied nearly 9 per cent. Bajaj Electricals, too, surged about 8 per cent.
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