Borosil Renewables shares surged over 7% today following news of the government initiating anti-dumping duties on textured tempered glass imports from Malaysia, a critical component for the solar industry. The Directorate General of Anti-Dumping and Allied Duties (DGAD) has proposed duties of up to 30% to protect domestic manufacturers from low-cost imports.
Stock Details:
- Current Share Price: ₹523 (+7.23%)
- Market Capitalization: ₹62.18 billion
- Net Income (FY): ₹-468.95 million
- Revenue (FY): ₹13.69 billion
- Basic EPS (TTM): ₹-6.60
- Shares Float: 44.53 million
- Beta (1Y): 1.10 (moderately volatile)
Stock Performance:
- 1 Day: +7.51%
- 5 Days: +18.64%
- 1 Month: +18.33%
- 6 Months: +5.09%
- Year-to-Date: +19.21%
- 1 Year: +18.64%
- 5 Years: +1.12K%
- All-Time: +912.87%
Implications of Anti-Dumping Duties:
The proposed anti-dumping duties are expected to curb the influx of cheap imports, thereby strengthening the domestic solar glass industry. This development aligns with the government’s broader agenda of boosting self-reliance and promoting local manufacturing under the “Make in India” initiative.
Additionally, the aluminium sector has voiced similar concerns, calling for import duty hikes on aluminium products and scrap ahead of Budget 2025 to protect domestic players. If implemented, these measures will likely encourage domestic production capabilities and improve competitiveness.
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