Blue Star, Voltas, LG Electronics: AC stocks surge amid IMD’s heatwave warning; latest updates to know

On March 10, IMD issued a ‘severe heat warning’ for several areas in Mumbai, Thane and Palghar, while the Raigad region was put under a yellow alert. These weather warnings came after temperatures in the regions touched 42.5 degrees earlier this week.

“Day temperatures are expected to remain significantly above normal over several regions in the coming days,” said IMD in a social media post on X, highlighting that this trend is likely to continue till March 12, 2026.

As the heatwave looms over the people of the country across several regions, stock market investors are now focusing their attention on the air conditioner (AC) stocks which are likely to be in demand due the early signs of a raging summer season.

AC stocks like Blue Star, Voltas, LG Electronics, Havells India, and PG Electroplast surged during the intraday trading session on Wednesday despite an overall bearish sentiment on the Indian stock market with the Nifty 50 trading lower. Reports suggest that investors are also focusing on the potential rise in AC prices due to an upcoming hot summer season in 2026.

Blue Star share price

Blue Star stock jumped 5.09% to ₹1,984 during the early market session on Wednesday, compared to ₹1,894.90 at the previous trading close, according to NSE data. Shares of Blue Star are trading 3.68% higher over the previous market close level, as of 1:51 p.m. on March 11.

Shares of Blue Star have given stock market investors more than 318% returns on their investment in the last five years, and over 157% returns on the last three years, NSE data showed. However, the stock has lost 3.27% in one year but is trading 10.33% higher on a year-to-date (YTD) basis.

Voltas share price

Voltas shares rose 4.2% in the early market session to hit an intraday high of ₹1,509.80 on Wednesday, compared to the previous market close at ₹1,448.90, NSE data showed. Voltas stock was trading 1.47% higher at ₹1,470.20 as of 2:10 p.m.

Voltas shares have given investors more than 38% returns on their investment in the last five years, and over 64% returns on the last three years, NSE data showed. The stock is up 4.69% in one year and is trading 6.34% higher on a year-to-date (YTD) basis.

LG Electronics India share price

LG Electronics shares rose 2.44% to hit the intraday high of ₹1,611.50, compared to ₹1,573 at the previous market close, stock exchange data showed. LG shares were trading 0.32% lower at ₹1,578 as of 2:14 p.m.

On a year-to-date (YTD) basis, LG Electronics shares were trading 6.32% higher in 2026, and are up 2.02% in the last five market sessions on the Indian stock market.

Havells India share price

Havells India shares jumped 3.43% to ₹1,404.60 intraday high level, compared to ₹1,358 at the previous trading close, according to the NSE data. The shares of the company are trading 0.66% higher at ₹1,367 as of 2:17 p.m.

Shares of Havells India have given stock market investors more than 22% returns in the last five years and over 12% gains in the last three years. However, the company’s stock has lost 6.96% YTD, but is trading 3.72% higher in the last five market sessions.

PG Electroplast share price

PG Electroplast shares surged 3.7% to hit the intraday high of ₹564.40 during Wednesday’s market session, compared to ₹544.10 at the previous market session, NSE data showed. The company’s stock was trading 1.53% higher at ₹552.45 as of 2:21 p.m.

Shares of PG Electroplast have given investors 1,180% returns on their investments in the last five years, and over 287% returns in the last three years. However the stock has lost 38% in one year and is trading 4.66% lower on a YTD basis.

Will AC prices rise?

According to a recent report from PTI, air conditioner manufacturers in the market are increasing the price range of the machines in the range of 5% to 15% in an effort to offset the rising cost of raw materials and increasing supply chain expenses.

The report also highlighted that the price hikes are set to be rolled out between the month of February to April, which also marks the peak summer season and serves as the peak demand for AC sales. Leading AC makers in the market have all accounced a price increase across their models passing on the input costs to the customer for using ky raw materials like copper.