Shares of SRF Ltd. traded flat at ₹2,906.30 apiece, down 0.03% on Thursday, September 25, after reports indicated that the Directorate General of Trade Remedies (DGTR) has initiated a sunset review investigation concerning imports of HFC component R-32 exported from China PR.
The review aims to assess whether the expiry of existing anti-dumping duty on R-32 imports could lead to continuation or recurrence of dumping and injury to the domestic industry. Such investigations are typically carried out ahead of the expiry of a five-year duty period, based on applications filed by domestic producers like SRF.
R-32 is a key refrigerant used in air conditioning and refrigeration industries, where SRF is one of India’s major players. A continuation of anti-dumping duties could provide SRF with a protective pricing advantage, safeguarding its market share against cheaper imports from China.
At the time of reporting, SRF shares were trading within a day range of ₹2,892.00–₹2,910.80, with a market cap of ₹861.58 billion. The stock has a 52-week range of ₹2,126.85–₹3,325.00.
