Consumer Durable Stocks: Symphony, Wires & Cables Face Margin Pressure Amid Rising Competition

The consumer durables and wires & cables sectors are seeing rising competition as major players enter these markets with significant capacity additions. G Chokkalingam, Founder & MD, Equinomics Research, shares his outlook on Symphony and the broader consumer durables space, highlighting concerns around margin volatility and low return on equity. He says risk-taking investors may stay invested in Symphony, while the increasing capacity in wires and cables could destabilise the industry structure. Investors may need to reassess existing holdings in the wires and cables segment and consider taking profits as competition intensifies and industry dynamics change.