Air conditioner stocks were in focus on Thursday after the Goods and Services Tax (GST) Council announced a major rate cut on high-value electronic appliances. The decision, which comes just ahead of the festive season, is expected to boost affordability for households and drive fresh demand in the consumer durables sector.
GST Rate Cut on Electronics
In its latest reform, the GST Council reduced tax rates on several widely used appliances, shifting them from the 28% slab to 18%.
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Air Conditioners: Cut from 28% to 18%
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Televisions above 32 inches (LED & LCD): Reduced from 28% to 18%
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Monitors and Projectors: Reduced from 28% to 18%
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Dishwashing Machines: Reduced from 28% to 18%
This move is expected to benefit the middle class by making these appliances more accessible while also supporting manufacturers with stronger sales volumes.
Air Conditioner Stocks Reaction
Several listed consumer durables and electronics manufacturing companies witnessed activity in early trade (as per 9:42 AM) following the announcement.
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Amber Enterprises India rose over 1% on NSE, trading around ₹7,724.
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Blue Star edged up nearly 0.4% at ₹1,967.80.
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Epack Durable was marginally lower at ₹397.95.
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Johnson Controls-Hitachi slipped 0.22% to ₹1,743.50.
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KRN Heat Exchanger and Refrigeration gained 1.73% at ₹897.40.
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PG Electroplast jumped over 3% to ₹570.20, making it one of the top gainers in the segment.
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Voltas traded lower by 0.69% at ₹1,420.40.
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