From Voltas to Vadilal, ice cream and AC stocks surge on hot summer forecast
AC makers expect slightly higher temperatures this summer, as predicted by the Met department, will push sales
Since 13 February, AC and ice cream stocks outperformed Sensex, BSE Midcap and BSE SmallCap indices
Mumbai: Expectations of a harsh summer have driven up shares of air-conditioner and ice cream companies, which have outperformed benchmark indices in the last two months. Since 13 February, AC and ice cream stocks have gained up to 22%, while the Sensex, BSE MidCap and BSE SmallCap indices have gained 8%, 9.29% and 11.99%, respectively.
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