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Budget implications on the largest chimney manufacturing company in India!

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Budget implications on the largest chimney manufacturing company in India!

Finance minister Nirmala Sitharaman announced basic customs duty on kitchen chimney to be increased from 7.5 per cent to 15 per cent

At 12:36 pm, the Sensex gained by 1041 points to 60,591.10 while Nifty gained 282 points to trade at 17,944.90. Finance minister Nirmala Sitharaman announced basic customs duty on kitchen chimney to be increased from 7.5 per cent to 15 per cent. Basics custom duty on heat coils to be reduced from 20 per cent to 15 per cent.  

This news brings a key focus on largest chimney manufacturing in India- Inflame Appliances. Post the announcement of this news, the stock surged more than 5.9 per cent to make an intraday high of Rs 498. The scrip witnessed a massive spurt in volume by more than 1.08 times.  On January 31, Blue Lotus Capital Multi Bagger Fund bought 42,000 shares at Rs 463.63 per share.  

Keep a close eye on this trending budget stock.  

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Tags: finance ministerInflame AppliancesUnion Budget 2023Budget 2023Inflame Appliances newsInflame Appliances priceInflame Appliances share pricechimneylargest manufacturer of chimney in IndiaBlue Lotus Capital Multi Bagger Fundkitchen chimneycustoms dutyheat coils

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