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As summer knocks at your Door, AC, fridge & ice cream Makers Turn Hot

As summer knocks at your Door, AC, fridge & ice cream Makers Turn Hot

That winter jacket is already redundant, and as summer comes knocking on the door, a bunch stocks are again grabbing investors’ interest.Manufacturers of coolers, air conditioners, refrigerators and ice-creams are staples of the summer season. The harsher the summer, the better it is for the companies making these products.

In March, stocks of Vadilal, Kwality, Blue Star, Voltas, and Khaitan Electricals have surged up to 41 per cent as investors jostled to call dibs on these counters to capture them cheap after the downtrend of January and February.

Vadilal, Kwality, Blue Star and Bajaj Electricals are among the biggest gainers from the rally seen in this theme. Vadilal has gained 41 per cent, Kwality (35 per cent), Blue Star (12.6 per cent) and Bajaj Electricals (15 per cent).

For Mayuresh Joshi, fund manager at Angel Broking, Blue Star is his top pick due to its great topline growth and large market share. Vadilal, Kwality and Blue Star are likely to do better than the others in the lot. “Overall, there is some interest in the summer stocks Blue Star, Kwality and Vadilal. Kwality is cheaper of the lot, although, it is not showing as strong a trend as others and if the market continues to stay strong then these stocks will do better than the rest of the pack,

Other stocks that have rallied in the meantime include Symphony (23 per cent), Khaitan Electrical (0.26 per cent) and Whirlpool of India (12 per cent).

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