India, April 7 -- Shares of India's leading air conditioning manufacturers were trading under pressure on Tuesday, reversing a portion of their strong early month gains. The cooling equipment sector had rallied sharply on the back of the India Meteorological Department's above normal heatwave forecast, only for unseasonal rainfall across several parts of the country in late March and early April to introduce a layer of uncertainty around immediate sell through.

Against this backdrop, Blue Star has declined 1.59 percent to Rs. 1,450.50, Symphony has shed 0.03 percent, and PG Electroplast is down 2.76 percent to Rs. 439.2. Voltas fell by 2.62 percent to Rs. 1,219.2.

The timing of the rainfall is awkward for the industry. Summer 2025 was a...