Amber zooms 28% in 2 days after govt ban on import of ACs with refrigerants

Shares of Amber Enterprises India rallied 17 per cent to Rs 2,545 on the BSE on Monday, zooming 28 per cent in two days after the government banned the import of air conditioners with refrigerants. The consumer electronics company's stock was trading at its fresh record high level.

The government on Thursday banned imports of air conditioners with refrigerants with a view to promote domestic manufacturing and cut imports of non essential items.

Amber Enterprises is the market leader in Indian Room Air Conditioner (RAC) industry and air conditioning industry for mobile application such as railways, metros, buses