Borosil share price jumped over 5% on Friday after the Directorate General of Trade Remedies (DGTR) issued its final findings in an anti-dumping investigation into Chinese borosilicate table and kitchen glassware.
The DGTR has recommended an anti-dumping duty of $1,526 per tonne on most covered imports from China. For a qualifying producer, Anhui Deli Glassware Group, the recommended duty stands at $703 per tonne.
The development is seen as positive for domestic manufacturers of borosilicate glassware, as higher duties could make Chinese imports more expensive in the Indian market.
Borosil share price rallied as much as 5.57% to Rs 274.70 apiece on the BSE following the report.
At 12:25 pm, Borosil shares were trading 1.48% higher at Rs 264.05 apiece on the BSE.
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