Borosil Ltd. shares gained 3% on Tuesday, following the Directorate General of Trade Remedies (DGTR) issuing its final findings and recommending an anti-dumping duty on Chinese borosilicate table and kitchen glassware. According to reports from CNBC TV18, the development is viewed as positive for Borosil as it could improve the competitive environment for its domestic tableware and kitchenware business. However, the final notification imposing the anti-dumping duty is yet to be issued by the Central Government.
Brokerage firm Investec has retained its 'Buy' rating on Borosil and raised its price target to ₹330 per share from ₹265 earlier. As reported by CNBC TV18, Investec estimates that the anti-dumping duty could increase Borosil's FY28E EBITDA by around ₹22 crore, assuming 50% of the potential price benefit is realised. The duty could also result in a better margin profile for Borosil's press ware operations, according to the brokerage. Investec has also factored in the potential anti-dumping duty benefit along with some moderation in opalware margins and raised its FY28E PAT estimate by 9%.
Borosil has been expanding its manufacturing capacity to replace Chinese imports with domestic production, which could further benefit from the proposed trade protection measures. According to CNBC TV18, this strategic expansion aligns with the company's efforts to reduce dependence on foreign imports and strengthen its domestic market position in the tableware and kitchenware segments.
Borosil shares were trading 3% higher during the latest session, demonstrating continued investor interest in the anti-dumping duty developments. As reported by CNBC TV18, the stock has shown resilience amid broader market volatility, with the recent gains reflecting positive sentiment around the regulatory protection measures for the company's core business segments.
