Shares of Stylam Industries surged 4.91% to ₹1,729.05 in early trade on Wednesday (as of 9:34 AM), following the government’s decision to impose a five-year anti-dumping duty on Acrylic Solid Surfaces imported from China.
The stock opened at ₹1,720.95 and hit an intraday high of ₹1,806.20. The rally comes after the government acted on a petition reportedly filed by Stylam Industries, which holds a dominant 70–80% share in India’s Acrylic Solid Surfaces production.
The move is seen as a major win for the domestic manufacturer, offering protection against cheap imports and possibly improving market share and margins.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
