These Consumer Durables Sector stocks surged over 48 per cent in just one month; do you have any?
India is set to become the fifth-largest consumer durables market and one of the world's largest growing electronics markets.
On Friday, the Indian benchmark indices ended the day higher. BSE Sensex Index was up 0.76 per cent at a level of 61,112. BSE Consumer Durables Index plunged by 0.33 per cent in 1 day and is up over 3 per cent in 1 month.
India is set to become the fifth-largest consumer durables market and one of the world's largest growing electronics markets. This demand is on the onset of rising income in urban and rural areas, increasing urbanisation, and changing lifestyles. Over the last few years, the domestic consumer electronics and durables market has witnessed significant growth. In 2021, the Indian appliances and consumer electronics industry stood at USD 9.84 billion and is expected to double these figures to reach USD 21.18 billion by 2025.
Following are the Consumer Durables Sector stocks that surged over 48 per cent in just a month:
Do you have any of these stocks in your portfolio?