VOLTAS

Shares of consumer durable stocks gained up to 10% on Monday, August 18, on the back of hopes that the GST rates on consumer durables would be revised lower. The Centre's proposed lower GST rates are expected to spur demand for consumer durable categories such as AC and TV, according to analysts who track these companies. Prime Minister Narendra Modi, during his Independence Day address on Friday, August 15, promised next generation GST reforms ahead of Diwali, which would ease the tax burden for the masses and MSMEs.