BUZZ-Indian AC makers slide on report of production risks due to LPG shortage amid West Asia war
Reuters03-13 14:13
BUZZ-Indian AC makers slide on report of production risks due to LPG shortage amid West Asia war
** Shares of Indian air conditioner makers are down between 2.3% and 4%
** Blue StarBLUS.NS is down 3%, Voltas VOLT.NS falls 2.8%, Havells India HVEL.NS drops 2.3%, Amber Enterprises AMBE.NS down 4% and Whirlpool of India WHIR.NS is trading 2.5% lower
** Indian AC makers flag production risks as LPG shortage worsens amid West Asia war, according to a Business Standard report
** Report notes LPG is used in brazing and curing of powder-coating
** YTD, BLUS, VOLT and AMBE up ~9%, ~3%, and ~4%, respectively; HVEL and WHIR down ~8% and ~3%
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