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Consumer Durable- Consensus Expectation Of Earnings Upgrade Due To Heat Wave Appear Overdone: ICICI Securities

We differ from consensus that ongoing heat wave is likely to result in strong valuation upgrade for fan, cooler or AC companies.

<div class="paragraphs"><p>Air conditioners on display inside Vijay Sales showroom in Mumbai. (Photo: Usha Kunji / BQ Prime)</p></div>
Air conditioners on display inside Vijay Sales showroom in Mumbai. (Photo: Usha Kunji / BQ Prime)
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