Thursday's ban on imports of air conditioners (AC), both split and window, by the government saw stocks of Voltas, Blue Star, Johnson Control-Hitachi Air Conditioning and Havells gain up to 5 per cent on Friday. Analysts say, these companies will benefit from the latest development.
Domestic original equipment manufacturers (OEMs) will also benefit, a reason why Amber Enterprises surged over 9 per cent on the bourses. The import ban is likely to drive market share gains for the above-mentioned leading AC players. Smaller as well as some larger AC brands, which are significantly ...
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