Home appliance makers such as Stove Kraft, TTK Prestige saw its shares rocket 10% as concerns over cooking gas supply impacted the market. Demand for induction cooktops and electric kettles saw a significant jump. Retailers reported a threefold increase in demand for induction cooktops. This trend follows disruptions in West Asia affecting energy supply routes. Consumers are seeking alternative cooking methods amid rising gas prices and shortages.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets