Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Gas crisis impact: Stove Kraft, TTK Prestige, other stocks rally up to 15%; here's why
Home appliance stocks surged up to 15% as India’s LPG supply crisis, triggered by disruptions in the Strait of Hormuz amid the Iran-Israel conflict, boosted demand for induction cooktops and electric cooking appliances, driving investor optimism for companies selling alternative cooking solutions.
TTK Prestige, Gandhimathi, Stove Kraft shares jump up to 15% amid gas supply shortage. Here's why
Shares of TTK Prestige, Gandhi Mathi Appliances, and Stovecraft rose by up to 15% due to LPG shortages in cities like Mumbai and Bengaluru, boosting demand for induction stoves. Market analysts believe consumers may shift to electric appliances, positively impacting these companies.
Butterfly Gandhimathi rallies 14% on strong Q4 results, crude surge; peers TTK Prestige, Stove Kraft see rub-off effect
For the full financial year FY26, Butterfly Gandhimathi reported a 40.30% jump in net profit to Rs 45.64 crore, while annual revenue rose 9.03% to Rs 943.15 crore.