Kitchen Appliance Stocks Surge: TTK Prestige Share Price Jumps 15%, Stove Kraft Gains in Weak Market

Shares of kitchen appliance makers surged in Wednesday’s trading session even as the broader market remained weak.

TTK Prestige Limited jumped up to 15% during intraday trade to ₹556, while Stove Kraft Limited gained around 7% to ₹523.55 on the Bombay Stock Exchange.

By around 10:19 AM, TTK Prestige was trading about 11% higher at ₹536.85, even as the BSE Sensex was down 0.6%.

Surge in Demand for Induction Cooktops

The rally in appliance stocks comes as demand for induction cooktops has increased sharply. Reports suggest that panic buying of these appliances has been seen on quick-commerce platforms due to disruptions in commercial LPG supply in several cities.

Platforms such as:

• Blinkit
• Swiggy Instamart
• Zepto

have reported a strong rise in orders. Discounts and promotions on these platforms have also led to several models selling out quickly.

Many households and small food businesses are buying induction cooktops as an alternative to gas-based cooking.

More Companies Could Benefit

These include brands like:

• TTK Prestige Limited
• Stove Kraft Limited
• Bajaj Electricals Limited

About TTK Prestige

TTK Prestige Limited operates mainly in the kitchen appliances segment. Its product range includes:

• Pressure cookers
• Cookware
• Gas stoves
• Kitchen electrical appliances
• Small household appliances

Read More:YES Bank Share Price in Focus; Appoints Vinay Muralidhar Tonse as MD and CEO! 

About Stove Kraft

Stove Kraft Limited is a well-known brand in India’s home and kitchen appliance market. The company is a major player in pressure cookers and a leading seller of hobs, cooktops, and non-stick cookware.

Conclusion

Kitchen appliance stocks such as TTK Prestige and Stove Kraft have rallied strongly as demand for induction cooktops rises amid LPG supply disruptions. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.