DGTR recommended anti-dumping duty on Chinese borosilicate kitchen glassware, seen as positive for Borosil; Investec raised its target price to 330 from 265 with a buy rating

Mon 28 Sep 2026

Heard on Live television at 12:04:28 IST.

• DGTR issued final findings recommending anti-dumping duty on Chinese borosilicate table and kitchen glassware.
• The findings are considered positive for Borosil, expected to improve the competitive landscape for its domestic glassware business, though final government notification is still pending.
• Borosil has been expanding manufacturing capacity to substitute Chinese imports with domestic production.
• Investec gave a buy rating and raised its target price from 265 to 330 per share, expecting EBITDA to rise by 22 crore rupees in FY28 assuming a 50 percent price gain realization.
• Investec factored in a nearly 9 percent volume growth for FY28 on ADD tailwinds and margin moderation in OPM.
• The stock was up 45 percent in the session.

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