Voltas, Blue Star Rally on Festive Demand and LG IPO Boost

Consumer durable stocks gained as festive demand optimism lifted sentiment. Voltas surged 3.2% and Blue Star rose 2.8%, supported by expectations of strong Diwali sales and robust retail spending. Analysts said the rally was also boosted by spillover enthusiasm from the oversubscribed LG Electronics India IPO, which reinforced confidence in India’s consumer electronics and appliance sector. Broader sentiment in durables stayed positive as dealers reported higher pre-festive inventory movement across key urban markets.