Shares of LED Bulb maker stocks rallied after Finance Minister said that ~35cr LED bulbs were distributed leading to a cost saving of Rs18,341cr annually. Reacting to this news, shares of Crompton Greaves and Surya Roshni jumped over 2% in today’s session.
Approximately Rs35cr LED bulbs have been distributed leading to cost saving of Rs18,341cr annually, FM Nirmala Sitharaman said.
“We will use the mission of LED bulb method to promote solar in the country,” Nirmala Sitharaman added.
Crompton Greaves Consumer Electrical Ltd is currently trading at Rs237 up by Rs4.15 or 1.78% from its previous closing of Rs232.85 on the BSE. The scrip opened at Rs234.90 and has touched a high and low of Rs238 and Rs233.50 respectively.
Surya Roshni Ltd is currently trading at Rs226, up by Rs5.35 or 2.42% from its previous closing of Rs220.65 on the BSE. The scrip opened at Rs225 and has touched a high and low of Rs228 and Rs221.10 respectively.