Butterfly Gandhimathi, TTK Prestige stocks extend rally, shares jump 10% on March 12 amid LPG crisis, panic buying

Home appliance maker stocks like TTK Prestige, Butterfly Gandhimathi, and Stove Kraft shares extended their rally during the intraday trading session on Thursday, March 12, 2026, amid the liquified petroleum gas (LPG) shortage in India, and the panic buying emotion among customers looking for cooking alternatives like induction.

Companies are reportedly witnessing high demand for their induction non-stick cookware and appliances, which is contributing to the sharp rise in the stocks. According to a recent PTI report, the sales of induction cooktops and electric kettles have risen against the backdrop of the LPG supply concerns in the country due to the energy import tensions over the US-Iran conflict.

Stove Kraft stock today

Stove Kraft stock price jumped more than 11% to ₹608.40 during the early trading session on Thursday, March 12, 2026, compared to ₹544.95 at the previous stock market close, according to NSE data.

As of 10:57 a.m., Stove Kraft stock was trading 3.04% lower at ₹528.40 after the early rally in the market on Thursday.

Shares of Stove Kraft extended their rally on Thursday after the shares of the firm hit ₹568 during Wednesday’s market session, NSE data showed. The company makes non-stick cookware and pressure cookers, along with other kitchen appliances.

Stove Kraft stock has delivered more than 25% returns on its investment in the last five years, but is down 45% in the last three-year period. The company’s shares have risen 27% in the last one-year and are trading 19.86% higher in the last five market sessions.

TTK Prestige shares today

TTK Prestige shares surged 14.5% to hit an intraday high of ₹613.50 after the market opened on Thursday, compared to ₹535,45 at the previous trading session, as per NSE data. The company stock was trading 5.91% at ₹567.10 higher as of 11:02 a.m. on the Indian stock market.

Shares of the popular non-stick cookware maker hit a high of ₹556.30 during Wednesday’s trading session. Looking at the stock price trend, NSE data suggests that the company’s stock has lost 25% in the last five years and three year period, and 5.56% in the last year.

Although the stock is trading 7.56% lower on a year-to-date (YTD) basis, TTK Prestige shares have gained 17.93% in the last five sessions on the stock market.

Butterfly Gandhimathi stock price today

Butterfly Gandhimathi stocks jumped more than 10% to ₹767.90 during the intraday trading session on Thursday, compared to ₹694.50 at the previous market close, NSE data showed. The shares of the company are trading 5.45% higher at ₹732.35 as of 11:10 a.m. on Thursday, March 12.

Data also showed that the company’s stock hit an intraday high of ₹712 during the trading session on Wednesday, hence further extended its rally during Thursday’s market.

Shares of Butterfly Gandhimathi have given stock market investors more than 26% returns on their investment in the last five years, but have lost 45% in the last three-year period. However, the company’s stock has gained 28% in one year and is trading 20% higher in the last five sessions on the Indian stock market.

LPG crisis

Due to the conflict between the United States and Iran, the supply of crude oil and natural gas has been constrained over the strategic control of the Strait of Hormuz, a key maritime trade passage for global energy.

Hence, this conflict has weighed on crude oil prices and the availability of natural gas like LPG in India which imports nearly 85 to 90% of its LPG from the West Asian Gulf nations including Saudi Arabia and Qatar.

According to the PTI report, Sujata Sharma, Joint Secretary in Ministry of Petroleum and Natural Gas in a press briefing on Wednesday said that there is no need for panic booking on LPG and that the normal delivery cycle of 2.5 days is being maintained. On the oil front, the official told reporters that the energy source is being imported from routes other than Hormuz Strait.