AC Stocks
AC stocks rally as LPG issues ease; Blue Star, Voltas, Havells gain up to 5%
Mumbai/IBNS: Shares of several air conditioner (AC) manufacturers rose on Wednesday after a key supplier announced resolution of challenges triggered by the West Asia conflict, media reports said.
Stocks of Blue Star Ltd., Voltas Ltd., and Havells India Ltd. gained up to 5% in early trade.
Earlier in the day, shares of PG Electroplast Ltd. surged 9% after the company said its room air conditioner production has been largely normalised.
In an exchange filing, PG Electroplast stated it had identified and installed alternative solutions to LPG at its manufacturing facilities, leading to near-normalisation of room AC production.
It added that the LPG-related challenges have been addressed “to a large extent for the time being.”
The company had earlier flagged disruptions in LPG supplies due to the West Asia conflict, which had impacted operations at some of its plants.
In an earlier interview with CNBC-TV18, Vikas Gupta of PG Electroplast said the LPG shortage had affected production lines and could impact the company’s revenue guidance for FY2026. He noted that March typically contributes around 12–15% to the company’s annual sales.
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