Gas Supply Concerns Fuel Rally in TTK Prestige and Stove Kraft Shares

TTK Prestige and Stove Kraft shares rose 5.3% and 6.6% respectively amid gas supply concerns after Israel's strike on Iran's South Pars gas field. Shares of other household appliance makers such as Voltas, Whirlpool of India, and Bajaj Electricals fell between 1.9% and 4.5%. The rally was triggered by panic buying of induction cookers from these firms due to concerns of a prolonged LPG supply disruption or structurally higher LPG prices.