MIRC, Ram Ratna gains after being selected under incentives scheme

Onida Electronics

20/01/2025 08:32

** Shares of India's Ram Ratna Wires  RAMR.NS  and MIRC
Electronics  MIRC.NS  jump 4.2% and 4.5%, respectively 
    ** MIRC, RAMR lead rise after being provisionally selected
in production-linked incentive (PLI) scheme, aimed at boosting
domestic manufacturing, for air conditioners 
    ** Among firms selected provisionally for scheme for LED
lights: Lumax Industries  LUMA.NS  flat, Uno Minda  UNOI.NS 
down 3% 
    ** Already applicant firms Hindalco  HALC.NS  and a unit of
Blue Star  BLUS.NS  moved to higher category  
    ** HALC, BLUS up 0.6% and 0.9%, respectively 
    ** Voltas  VOLT.NS , despite being moved to higher category,
an outlier, falls 3.4% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))