New Delhi. This is just the beginning of the summer season in India, but people are experiencing heatwave in many parts of the country. Sales of AC coolers are generally in the summer, leading to a considerable growth in the income of companies that do business of these appliances. People buy these products in the midst of rising temperatures. Let people know that the income of the people has been better than before, due to which the sales of air conditioner (AC) in the country has been increasing since the last few years. This gives rise to shares of AC companies and profits to investors. Here we will tell you about those AC companies, whose shares have given strong returns.
Up to 166 percent return
Of the four AC companies listed on the stock market in FY 2020-21, three gave very strong returns. They gave returns of 98 to 166 percent to the investors. That is, these companies doubled investors’ money quite easily. Know the names of these companies further
Amber Enterprises
Amber Enterprises delivered 166 per cent returns in FY 2020-21. The stock stood at Rs 1225.80 on 31 March 2020, while it rose to Rs 3259.75 on 30 March 2021. 166 per cent means that the investors got a profit of Rs 1.66 lakh on an investment of Rs 1 lakh. Whereas if an investor had invested Rs 2 lakh, he would have gained Rs 3.32 lakh. You will not get this much benefit anywhere else.
Voltas
Voltas delivered a robust 107 per cent return to investors in FY 2020-21. The stock also doubled investors’ money. It was at Rs 478.85 on 31 March 2020, while it rose to Rs 992.85 on 30 March 2021. 107 per cent means that investors got a profit of Rs 1.07 lakh on an investment of Rs 1 lakh. The stock market is the best place to double the money.
blue Star
Blue Star gave a return of 98 per cent in FY 2020-21. The stock stood at Rs 460.65 on 31 March 2020, while it reached Rs 914.10 on 30 March. 98 per cent means that investors got a profit of Rs 98000 on an investment of Rs 1 lakh. Whereas if an investor had invested Rs 2 lakh, he would have gained Rs 1.96 lakh. But keep in mind that there is a lot of risk on investing in the stock market.
Johnson controls
Johnson Controls delivered 22 per cent returns in FY 2020-21. The returns of this company are less than the rest of the AC companies. But if seen, it is still three times than options like FD etc. The stock stood at Rs 2151.10 as on 31 March 2020, while it reached Rs 2616.65 on 30 March 2021. 22 per cent means that investors got a profit of Rs 22000 on an investment of Rs 1 lakh.
