Stove Kraft, TTK Prestige shares rocket up to 9% after Iran’s attack on world’s largest LNG plant raises supply fears

The energy sector is experiencing volatility due to geopolitical events, directly impacting downstream sectors like consumer durables as alternative energy solutions gain traction. India's high reliance on imported LPG makes it particularly vulnerable to such global supply shocks.

• •Attacks on Middle East energy facilities have disrupted global gas supply.
• •This disruption has led to a surge in demand for induction cooktops in India.
• •Stove Kraft and TTK Prestige shares have rallied up to 9%.
• •Restaurants are facing gas shortages, prompting a shift to alternative cooking methods.
• •The situation highlights India's reliance on imported LPG.