BSE Consumer durable index has given a breakout from falling channel signalling end of corrective phase and resumption of structural uptrend. Going ahead, We expect consumption space to remain resilient in the ongoing Festive session, leading to outperformance in coming quarters. Within this space, we remain constructive on Kajaria Ceramics as it is a proxy play of the consumption theme. The stock has generated a breakout above the last seven weeks range (₹ 1214-1107) as buying demand has emerged from previous major breakout area signalling continuation of the up move