Shares of SRF Ltd. and Gujarat Fluorochemicals Ltd. were in focus on Thursday, September 25, after reports indicated that the Directorate General of Trade Remedies (DGTR) has initiated anti-dumping investigations concerning imports of key hydrofluorocarbon (HFC) components from China PR.
According to reports, DGTR has begun a sunset review on R-32 imports as well as a fresh anti-dumping probe into R-125 imports, both critical refrigerant gases used in air conditioning and refrigeration industries. These chemicals are part of the fluorochemicals portfolio where SRF and Gujarat Fluorochemicals are among the leading domestic producers.
Market participants say continuation or imposition of duties would help protect Indian manufacturers against cheaper Chinese imports, potentially supporting margins in the specialty chemicals and refrigerant segment.
At 9:19 AM, shares of Gujarat Fluorochemicals were trading at ₹3,785.20, down 0.22%, while SRF was flat at ₹2,906.30 apiece.
Both stocks will remain in focus as the DGTR’s review progresses, given the potential impact of trade protection measures on their business outlook.
