Consumer durable stocks rally in trade; Butterfly Gandhimathi zooms 15%

For the quarter ended June 2020 (Q1FY21), the company reported a net loss of Rs 8.61 crore.

Shares of consumer durable companies, including household appliance manufacturers, witnessed sharp rally on Tuesday. The S&P BSE Consumer Durables index surged as much as 2.23 per cent during the trade. 

Among individual stocks, Butterfly Gandhimathi Appliances zoomed 15 per cent to Rs 157.90 on the BSE during the day. At 01:15 PM, the stock was trading 12 per cent higher at Rs 153.85. In comparison, the benchmark S&P BSE Sensex was ruling 0.64 per cent higher at 38,293.77 levels. 

Other stocks that were trading with decent gains included Crompton Greaves Consumer Electricals (up over 4 per cent), Voltas (up over