Voltas, Blue Star shares defy market mood to rally up to 9% on heatwave demand

Shares of Voltas Ltd and Blue Star surged, driven by expectations of strong demand for air conditioners due to an anticipated early and intense summer in India. Voltas climbed 3.2% and Blue Star jumped 9.2%, outperforming the broader market. The Indian Meteorological Department forecasts above-normal temperatures, fueling demand for cooling appliances.