Beaten down consumer durables still weak; Bajaj Electricals may buck trend

Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness.

Shares of consumer durable have been badly hit in the recent bloodbath on the Dalal Street. While the benchmark indices, BSE Sensex and Nifty 50, have tumbled close to 18 per cent, shares of Whirlpool of India has plunged 42 per cent. Bajaj Electricals and Voltas cracked 30 per cent each from their respective highs.

Other consumer durables like Blue Star, which recorded a historic peak in April 2022 has slumped 27 per cent. Havells India too, has shed 25 per cent from its all-time high. 

Within this group, except Whirlpool of India, which had soared 60 per cent, shares