Key Points
On a day when the majority of the stocks are trading with a cut, one set of stocks which have been able to log in gains has been from a space which cannot be very clearly defined..
The reason, what would you call a company which makes both, water geysers , and electrical wires, a white goods or electrical goods company.From the year 2015 to 2020, companies with strong brands in different sectors which were considered as commodity plays got re-rated by the street..
The expansion in price earnings multiples of these companies led to big wealth creation.For the last more close to four years, with some more companies getting listed in the same sector and some headwinds emerging we saw these companies consolidating between a very broad range..
After outperforming for many years, some electrical goods or what can be also called as mini white goods stocks have been under pressure for close to four years..
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4 stocks from consumer electrical space with upside potential of up to 30%
18, Apr, 23Electrification not only in terms of reach across the country but also the number of hours it is available has increased in large parts. It has helped companies expand not only geographically but increase their product range from just electrical wire to white goods. The high valuations have been taken partially care off by the multiple coming down and also partly by the fact that earnings did catch up.