Mumbai, March 11 (IANS) Shares of home appliance makers traded higher on Wednesday as e-commerce platforms witnessed a surge in purchases of electric stoves and induction cooktops amid the Middle East conflict, over reports of potential LPG shortages.Moreover, quick commerce platforms were selling Inductions stoves at discounts of more than 50 per cent.Butterfly Gandhimathi Appliances shares climbed about 4 per cent to Rs 630.5, hitting an intraday high in early trade on the BSE. Meanwhile, shar…
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Mumbai, Jan 31 (IANS) Stove Kraft on Saturday posted a 66.6 per cent year-on-year fall in profit for the December quarter (Q3 FY26) as weak demand in the consumer durables market affected sales.The company’s net profit dropped to Rs 4 crore as compared to year-ago period, according to its stock exchange filing.Revenue also declined by 6.4 per cent to Rs 378.3 crore compared to the same period last financial year (Q3 FY25).Operating performance softened, with EBITDA falling 15 per cent to Rs 34…