There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing.
Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices soared above $3,100 per ounce for the first time, driven by concerns over U.S. tariffs and geopolitical tensions. Spot gold prices hit a
March 31, 2025