Consumer Durables News

BSE Consumer Durables Index-A Break Out Candidate?

BSE Consumer Durables Index has fallen 7 times by over 20% since 2000, after which it has gained at an average of 187% and is also near six-month high. The consumer durables industry’s main triggers include festive season ahead, demand for August improves after two months, offline buying after 2 years, aluminum and copper prices cool off which are the major raw materials and lastly there is normalization of demand for cables and wires. Amber Enterprises, Voltas, CG Consumer Electricals, Bajaj Electricals and Blue Star are expected to rise between 10-17 percent over the next 12 months as per Bloomberg data. #bseconsumerdurable #indexinvestment #stocks

Source link