The Indian consumer electrical market is poised for a strong growth over FY16-20 and is expected to touch Rs 1.3 lakh crore by March 2020 from Rs 88,900 crore in FY16. The growth is also being driven by changing demographic trends such as rising number of nuclear families and higher per capita income.
“Rising income levels, better electricity availability and technology advancement are driving consumption demand in the sector,” said Harshit Kapadia, analyst, Elara Securities.
Below are the five favourites in the sector:
|YTD RETURN (%)||
|TARGET PRICE (Rs)|
|Crompton Consumer Greaves||241.65||62.02||55.94||275|