AC Stocks Surge Ahead of GST Meet

  Published 9 months ago

Indian AC makers gain as the GST council considers tax cuts, boosting demand hopes and company growth outlook.

  • Blue Star sees higher sales growth, expecting up to a 20% increase in room air conditioner volumes this year.
  • Amber Enterprises, Voltas, and Blue Star rise between 3% and 5% amid strong consumption-driven optimism.
  • Currently, ACs are taxed at 28% GST, with potential cuts likely boosting overall sector demand significantly.

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