India's electric cooktop makers gain amid worries over potential cooking gas shortfall

Stove Kraft

11/03/2026 09:45

** Shares of Indian induction cooktop makers rise as much as 15.4%

** Stove Kraft STOE.NS up 12.5%, Havells India HVEL.NS rises 0.5% and Butterfly Gandhimathi Appliances BUTT.NS up 15.4%

** India has invoked emergency provisions and instructed oil refiners to ramp up liquefied petroleum gas output to avoid a potential shortage as Middle East war disrupts supplies

** Stove Kraft up 1.9%, Butterfly gains 1.5% so far this week; both on track to break three‑week losing streak

** HVEL up 0.7%, on course to snap two consecutive weeks of losses

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))