Indian induction stove maker Butterfly Gandhimathi surges 11% amidst LPG shortage

Stove Kraft

19/03/2026 09:42

** Indian induction stove maker Butterfly Gandhimathi Appliances BUTT.NS surges about 11% to 658 rupees

** BUTT is among the biggest gainers across the National Stock Exchange of India

** Peer Stove Kraft STOE.NS jumps 7.3%, while TTK Prestige TTKL.NS is up 2.2%

** Stocks surge amid rising demand for induction stoves due to conflict-driven shortage of liquefied petroleum gas, or cooking gas

** Kitchen appliance stocks buck broader market weakness as Middle East conflict escalates, with Nifty 50 .NSEI index down 3.5% and set for its worst day since June 2024 .BO

** STOE, BUTT up over 8% each since conflict began end-February, TTKL is down 6.7%, while Nifty 50 index has dropped 8.8%

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))