Summer Relief: Voltas, Blue Star, Havells India Shares Rise Up To 3% Today; Here's Why 

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Shares of Blue Star (2.73%), Voltas (2.64%) and Havells India (1.54%) roseate successful nan day convention today.

 Voltas, Blue Star, Havells India shares emergence up to 3% today; here's why The authorities intends to return these steps anticipating immense request for ACs and their spare parts during nan ongoing summertime season.

Shares of aerial conditioners and cooling instrumentality makers Voltas, Blue Star and Havells India roseate up to to 3% coming amid a study which said nan authorities was apt to easiness BIS norms for AC and AC components for beneath 2 tonnes soon.  Shares of Blue Star (2.73%), Voltas (2.64%) and Havells India (1.54%) roseate successful nan day convention today. Blue Star banal climbed 2.73% to Rs 2090.90 against nan erstwhile adjacent of Rs 2035.30 connected BSE. Market headdress of nan family appliances shaper surged to Rs 42,230 crore. 

Similarly, banal of Voltas climbed 2.64% intraday to Rs 1354 connected BSE.Market headdress of nan AC shaper roseate to Rs 44,795 crore.  

The study by CNBC Awaaj further stated that concessions for nan import of AC compressors beneath 2 tonnes were besides connected anvil on pinch import relaxation connected fluted AC copper tubes. 

The authorities intends to return these steps anticipating immense request for ACs and their spare parts during nan ongoing summertime season. 

AC makers person been calling for alleviation successful nan BIS norms successful nan aftermath of aggravated power activity this summertime season. Earlier, nan guidance of Voltas highlighted that it was awaiting announcement for compressors beneath 2 tonnes.

In mid March this year, nan Modi authorities took action to exempt cardinal components of aerial conditioners and refrigerators from nan mandatory Bureau of Indian Standards (BIS) certification. The Department for Promotion of Industry and Internal Trade (DPIIT) removed nan BIS certification request for fluted copper tubes and AC compressors pinch a capacity of 2 tonnes and above, which included imports from China, successful consequence to nan industry's demand.

Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.

Published on: Apr 22, 2025 2:35 PM IST

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