Consumer durables stocks were trading higher as the Union Cabinet has approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs 6,238 crore.
Voltas is currently trading at Rs. 1006.25, up by 7.05 points or 0.71% from its previous closing of Rs. 999.20 on the BSE. The scrip opened at Rs. 1013.95 and has touched a high and low of Rs. 1016.00 and Rs. 1003.20 respectively. So far 24907 shares were traded on the counter.
Whirlpool of India is currently trading at Rs. 2216.10, up by 28.20 points or 1.29 % from its previous closing of Rs. 2187.90 on the BSE. The scrip opened at Rs. 2200.00 and has touched a high and low of Rs. 2224.00 and Rs. 2181.00 respectively. So far 4779 shares were traded on the counter.
Havells India is currently trading at Rs. 1061.00, up by 2.90 points or 0.27% from its previous closing of Rs. 1058.10 on the BSE. The scrip opened at Rs. 1065.85 and has touched a high and low of Rs. 1069.90 and Rs. 1048.90 respectively. So far 173962 shares were traded on the counter.
The prime objective of the PLI scheme is to make manufacturing in India globally competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies. It is designed to create complete component ecosystem in India and make India an integral part of the global supply chains. The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially.
The PLI Scheme for White Goods shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights.
Company Name | CMP |
---|---|
Voltas | 1461.00 |
Blue Star | 1452.85 |
Amber Enterprises | 3782.65 |
Johnson Controls | 1137.25 |
EPACK Durable | 206.05 |
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