Expect 15% growth in June; GST will not lead to price hike: Blue Star

Consumer durables stocks have been rallying but reports indicate that the white goods sales may not be looking good despite the scorching heat. The question on investors' mind now is will June be a washout ahead of goods and services tax (GST) implementation?

In an interview to CNBC-TV18, B Thiagarajan, Joint MD of Blue Star and Nilesh Gupta, Managing Partner at Vijay Sales spoke about the latest happenings in the sector.

According to Thiagarajan, the slowdown in demand is more than anticipated.

On GST front, he said the real calculations reveal that prices will not be going up due to GST. It may go up due to commodity prices or something like that.