AC stocks: Voltas, Blue Star to see growth momentum, Havells is a key pick

The foreign brokerage expects aggregate primary volumes to grow at an average robust rate of 15 per cent in the next two quarters, with growth skewed heavily towards the June quarter of FY19

The manufacturers of air-conditioners (ACs) and air coolers are expected to have a dream run on the bourses following a surge in demand with temperatures set to be higher this summer season.

The Met office has warned of above-normal temperature in North India and in other parts of the country. It is not surprising then that AC makers such as Voltas, Blue Star, and Johnson Controls-Hitachi have gained 3-6 per cent on the bourses in March.

Havells, which has a presence in fans and coolers and has now diversified into AC through acquisition of the consumer business of Lloyds, too, would benefit.

Air