AC Makers, Power Firms Gain Amid Heatwave Forecast; Voltas, NTPC, EPACK Durable Rally Up To 20%

Shares of air-conditioner makers and power utility companies jumped up to 20 per cent in Monday’s afternoon trade, as forecasts of rising temperatures across India raised hopes of strong summer demand.

Among cooling-related stocks, Voltas gained more than 3.5 per cent to Rs 1,516.50, while Blue Star rose up to 5 per cent to Rs 1,904.40. Newly listed LG Electronics India climbed 1.75 per cent to Rs 1,619.70.

Among component suppliers and contract manufacturers, EPACK Durable surged as much as 20 per cent to Rs 279.33. Amber Enterprises advanced nearly 4 per cent, while PG Electroplast added 3.5 per cent.

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