Shares of Blue Star and Voltas surged up to 4% following reports that the government is considering easing import norms for air conditioner and refrigerator manufacturers.
According to CNBC-Awaaz, the Ministry of Consumer Affairs may soon relax BIS (Bureau of Indian Standards) norms for importing AC compressors with capacities under 2 tonnes. This move aims to boost domestic supply and lower production costs for Indian appliance companies ahead of the peak summer season.
In addition to compressors, import relaxation for grooved copper tubes—another critical component used in air conditioners—is also under consideration. The easing of these norms is expected to help manufacturers like Blue Star nd Voltas meet growing demand more efficiently and at competitive prices.
Blue Star shares opened at ₹2,041 today, hitting a high of ₹2,092.40 and a low of ₹2,030.40 during the session. The stock remains below its 52-week high of ₹2,417 but well above its 52-week low of ₹1,376.40.
On the other hand, Voltas shares opened at ₹1,320.00, hitting a high of ₹1,351.60 and a low of ₹1,302.50 during the session. The stock remains significantly below its 52-week high of ₹1,944.90 but stays above the 52-week low of ₹1,135.00.
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