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Monday, December 6, 2021

Ban on import of air conditioner from China gives big benefit to this Indian company, know how

  • Amber Enterprise shares up 13%, shares reached 52-week high
  • On October 16, a ban was imposed on the import of Chinese AC by the Director General of Foreign Trade

Ban of import air conditioner from China

here will no longer be air-conditioned imports from China. Today, Amber Enterprises Share Price, the company making AC, has benefited from the news of about three days old. In fact, today the shares of the company have seen a rise of more than 13 percent, due to which the shares of the company have reached a new height of 52 weeks. According to experts, this decision of the government will greatly benefit the Indian manufacturer. The special thing is that since October 9, the company’s shares have been steadily rising. Since then, the shares of the company have seen a rise of more than Rs 625. Let us also tell you how fast the shares of Amber Enterprises are being seen.

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Company shares reached 52-week high
Today, the shares of Amber Enterprises are seeing tremendous boom. This is because the government has banned the import of Chinese air conditioners. Shares of the company today rose by over 14 per cent to Rs 2495.65. This is also the company’s latest 52-week high. If the company believes this decision will greatly benefit the Make in India companies.

Current surge in company shares
At the same time, the shares of the company are seeing a gain of 13 per cent at 2.15 am. Due to which, the company’s stock is trading at Rs 2457.90 with a gain of Rs 277.80. Whereas today the company’s stock opened at Rs 2238 and went down to a day low of Rs 2205. While on Friday, the company’s stock closed at Rs 2180.10.

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Shares have climbed 25 percent since last week
If we talk about the last one week, then shares of Amber Enterprises have seen a rise of 25%. Since October 9, the shares of the company have seen an increase of Rs 624. When the market closed on October 9, the company’s share price on BSE was Rs 1872.65. Today the company’s stock reached a high of Rs 2495.65. In such a situation, this difference is more than 25 percent.

Source: www.patrika.com

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