Support and Resistance Levels
Past performance
About Stove Kraft Ltd Stove Kraft Limited, founded by Rajendra Gandhi in 1999, is a prominent Indian company specializing in the manufacture and trading of kitchen and electrical appliances under the brand names 'Pigeon' and 'Gilma'. Additionally, it holds a licensing agreement with Stanley Black & Decker for certain appliance categories. The company has a robust distribution network that spans over 82,767 outlets across India, supported by 9 C&F agents and over 600 distributors, with a separate distribution system for its Pigeon LED products. Its international presence includes exports to retail chains in the USA and Mexico.
Stove Kraft has been proactive in expanding its product range and production capabilities. It launched products like air fryers and the ORB Mixer Grinder, and it has recently initiated a new flask line. The company also invested in a new warehouse and a 4 MWp solar power plant at its facility, reflecting its commitment to sustainable growth. In February 2021, Stove Kraft went public through an IPO, marking a significant milestone in its corporate journey.