With the mercury levels rising and the holiday break for schools beginning, summer stocks — be it cooling solutions or those related to holidays — tend to stand out.
It is no surprise that some stocks in the air-conditioning space have outperformed the overall market in the last couple of months. The gains could continue given that India Meteorological Department (IMD) has predicted above-normal temperatures in key regions and an extended summer season. After a forgettable CY18 due to unseasonal rains, regulations and higher raw material costs, brokerages expect a better CY19 for cooling majors on account of lower costs