Shares of Borosil Renewables jumped 5.06% today, trading at Rs 537.95, following strong momentum in the renewable energy space. The stock has gained over 21.60% in the past five days, bolstered by positive policy developments and industry focus.
Key drivers behind the surge:
- Government’s anti-dumping duties:
The Directorate General of Anti-Dumping and Allied Duties (DGAD) has proposed up to 30% anti-dumping duties on textured tempered glass imports from Malaysia. This move is expected to boost domestic solar glass manufacturing and protect local industries from low-cost imports. - Maharashtra’s renewable energy focus:
Maharashtra Chief Minister Devendra Fadnavis emphasized renewable energy as a key priority during a live interview. This development has further strengthened the outlook for companies like Borosil Renewables, which is positioned as a major player in the solar glass industry. - Alignment with ‘Make in India’:
The anti-dumping duties align with the government’s “Make in India” initiative, promoting local manufacturing and self-reliance in renewable energy components.
Stock performance:
- 1 day: +5.06%
- 5 days: +21.60%
- 1 month: +21.27%
- Year to date: +22.39%
The stock’s recent performance reflects growing investor confidence in the renewable energy sector, supported by favorable policy measures and a focus on sustainability.
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