New Delhi, Aug. 18 -- Consumer durable stocks, including Voltas Ltd., Blue Star Ltd., PG Electroplast Ltd., and Amber Enterprises Ltd., surged as much as 10 per cent on Monday, August 18, driven by expectations of a potential reduction in GST rates on consumer durables.

Other consumer durable stocks like Dixon Technologies, Metro Brands also gained nearly 5 per cent in early morning session on Monday.

Prime Minister Narendra Modi, in his Independence Day speech, announced that next-generation GST reforms would be introduced before Diwali, aimed at reducing the tax burden on the public and MSMEs.

At present, air conditioners and large-screen televisions (above 32 inches) attract a 28 per cent GST rate, while items such as smartphones, r...