Consumer durables raise prices 5% as costs rise
In short
Consumer durables companies raised prices by 5% as their costs went up. HDFC Securities analyst Keshav Lahoti said Orient Electric could gain market share and called it reasonably valued.
He was also positive on Crompton Greaves Consumer Electricals and negative on LG Electronics India at current valuations. The report does not say which products changed or how much sales may be affected.
What the reporting says
Consumer durables makers raised prices by 5% as costs rose, according to the market report. The same note says HDFC Securities analyst Keshav Lahoti sees Orient Electric gaining market share and views it as reasonably valued, while he is positive on Crompton Greaves Consumer Electricals and negative on LG Electronics India at current valuations. No timing beyond the report is stated.
Why it matters
Consumer durables makers lifted prices by 5% in a market report that also highlighted stock views from HDFC Securities analyst Keshav Lahoti. He said Orient Electric may gain market share and look reasonably valued, while he was positive on Crompton Greaves Consumer Electricals and negative on LG Electronics India at current valuations. The reporting does not identify specific brands, timing, or the scale of any demand impact.