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Consumer companies ramp up festive production on demand hope
Leading electronics contract manufacturers such as Dixon Technologies and PG Electroplast highlighted a "high" double-digit increase in orders across categories including televisions, lighting products, washing machines, and refrigerators. PG Electroplast, which supplies to brands such as LG, Midea, Voltas, Whirlpool, and Daikin, said its festive order book has grown by 40% over last year. Dixon counts Samsung, Xiaomi, Haier, and Philips among its customers.
Dipan Mehta sees long-term opportunity in PG Electroplast, Kitex and power plays
Dipan Mehta, Director of Elixir Equities, says India’s air-conditioner outsourcing story remains a strong long-term opportunity, with companies like PG Electroplast and Amber benefiting from rising demand and scale advantages. He is also positive on power transmission players linked to renewable energy growth, sees export opportunities emerging from rupee depreciation, and expects textiles and select pharma names to deliver strong growth despite near-term market volatility.
Top Gainers & Losers on Mar 13: Larsen & Toubro, KPR Mill, Adani Total Gas, PG Electroplast among top losers
The Indian stock market faced a significant sell-off on March 13, with key indices dropping over 2% amid rising crude oil prices and concerns over corporate earnings. The Nifty 50 saw its largest weekly decline in four years, as overseas investors continued to sell.