These sectors may see a rise due to heat wave in the country, they will benefit

Due to extreme heat, the sales of companies manufacturing air conditioners, fridges and coolers in the country are expected to be tremendous. Apart from this, the impact of heat wave can also be seen on the shares of ice cream manufacturing companies and agricultural companies.

Summer season has knocked in the country. This time the Meteorological Department has issued a warning of severe heat and heat wave. Due to extreme heat, the sales of companies manufacturing air conditioners, fridges and coolers in the country are expected to be tremendous. Apart from this, the impact of heat waves can also be seen on the shares of ice cream manufacturing companies and agricultural companies. Let us tell you in detail which sectors may see growth due to this.

Effect on cooling essentials

According to ICICI Securities, due to the fear of heat wave, demand for coolers, fans, ACs and refrigerators will increase rapidly. However, it cannot be assumed that it will have only positive impact on the shares of these companies. Among these, its impact can be seen on the shares of Voltas Limited, Havells India, Symphony. Major impact of heat wave was seen four times during financial year 2012 to 22, whereas this did not happen even once during financial year 2002 to 12. But, the revenue CAGR of these companies was better during FY 2002 to 12. However, the forecast of the Meteorological Department is going to help these companies in increasing their business. If there are no changes in BEE rules and pricing remains stable, the sector will grow this time.

Customers are buying more products of big companies

According to the brokerage company, people have now started insisting on buying the products of these big companies instead of small companies. This can increase the revenue of these white goods and durable companies. Besides, their profits are also expected to be better. He expressed hope that among these companies, the stock of Havells India can perform the best.

Impact on ice cream companies and breweries

The positive effect of the heat wave can also be seen on the companies that cool you. This includes companies ranging from shares of Vadilal Ice Cream to Varun Beverages and United Breweries. According to market experts, a positive impact may be seen on the shares of these companies.

Agriculture will be adversely affected

While the heat wave will benefit cooling companies, it is expected to have a negative impact on the agriculture sector. Its adverse effect may be seen on shares of agriculture sector.