DGTR recommends anti-dumping duty on Chinese borosilicate table and kitchen glassware, seen as positive for Borosil; Investech raises target price and buy rating

Mon 28 Sep 2026

Heard on Live television at 11:05:54 IST.

[11:05:54] an ADD rating on the stock. Target price though has been cut to about Rs 1400 a share from 1875 earlier. In terms of the opinion that they express PB Fintech stock, according to them has seen a sharp correction reeling under the pressure of commission caps that are likely to reduce the take rates of the digital business. The number that they assume here is a downward thick of about 35 to 40%. Uh according to them, PB, however, will benefit from the industrywide shift in favor of low-cost digital models. Uh also, the company could find some scope for cutting expenses especially on the advertisement and promotion site. Uh they cut their estimates on the earnings by about 32 to 44%. Uh invest, this next one on PB Fintech, they have a buy rating on the stock. The target price again has been cut to about 1425 rupees per share. According to the brokerage, profit has been deferred by about two years. Uh they say that IRDI's draft regulations could defer the earnings that they had estimated earlier from 30 to 32 estimates. Uh they also estimate Policy Bazaar's insurance revenue that could decline by about 50% in 28 under the proposed regulations. Uh one another thing which is very important, which they highlight, is a key risk on the proposed requirements to provide product information without collecting customer details. Finally, Burnstein on PB Fintech, of course, Hormas very recently spoke about. Uh they have an outperform rating on the stock. Target price is 2310, a 91% upside from where the stock closed on Friday. Yeah, thanks very much for that. PB Fintech continues to be in focus as are many of the other financial names under pressure on the back of those regulatory changes that have been proposed, but let's move on. Clean Max has gained in an otherwise falling market following a large block deal. Vivek has more details on this one and joins in now. Vivek? Well, that's right, you know, very sharp recovery we saw in Clean Max, a little bit of that has been given up by the market, given a kind of intense selling pressure we've seen across the board. But, Clean Max, you know, very interesting development over here, uh, a little over 7 1/2% or 7.2% of the equity actually exchange hands uh, right as soon as market opened, uh, this particular deal was done at Rs 1,363 a share. Uh, now we access the term sheet for this particular block deal on Friday. The likely seller here is augment India Holdings, remember it's a very early investor in the company and they'd also offloaded part stake and when the IPO had come out, uh, so the block size is well over 1060 crores, a large block that, uh, Clean Max has managed to absorb quite easily. A very sharp recovery post to you've seen a bit of cooling off given the state of the market. Right, take that point. Thanks a lot for that, Vivek. Let's go across to Upasna who joins in on account of some news coming in on Borosil where they're likely to get relief from Chinese imports, as the DGTR has recommended anti-dumping duty on boro silicate kitchen glassware. Upasna? Well, DGTR has issued its final findings and recommended an anti-dumping duty on Chinese boro silicate table and kitchen glassware. Well, the final findings are considered to be positive for the [11:08:54] company and it is expected to improve the competitive domestic landscape for Borosil's domestic table and kitchen glassware business. Well, the final notification imposing the ADD is yet to be issued by the Central government, but the company has been already aggressively expanding the manufacturing capabilities by substituting China imports with in-house domestic production. Well, on the back of this, Invested Investech has given a buy rating on the stock and increased its target price from 265 per share to nearly 330 per share. It believes that on the back of this, it will certainly increase company's EBITDA by 22 crore for FY28, assuming a 50% potential price gain realized. And if this is implemented, it will offer superior margin profile for Borosil's pressware operations. On the back of this, it has also estimating a increase in pad by nearly 9% for FY28. This will certainly be backed by the ADD tailwind and also moderation in opalware margins is what the brokerage has highlighted. Hence, the stock certainly remains in focus today on back of this. [11:11:54] [11:14:54] lakh rupee mark for the fourth straight month. On a year-on-year basis spending is still up almost 6%. Interestingly, transaction volumes have actually risen as well. 4.5% month on month to 63.2 crores. Even as the overall value of spending has declined. Now that means the average ticket size has come down to about Rs 3200 in August from 3,440 in July. So in simple words, the August slow down is being driven by smaller ticket spending rather than fewer transactions. Now, the credit card base is also continuing to grow spare about 12.41 crore credit cards that are outstanding currently. That's up 10.5% from a year ago with nearly 12 lakh cards that were added in August. On the market share front, private sector banks continue to dominate. They now account for 73.3% of the total credit card spends as of August and their share has risen by 121 basis points over the previous month. Now, in the top four players, HDFC Bank was the only one that saw its spending increase sequentially up 1.8%. SBI card saw the sharpest decline with spends down 10.8% month on month, while Access and ICICI Bank were also down about 4.7 and 4.9. Uh you know, there is also another interesting shift in the spending mix. Online spends very much continue to dominate, but pos spending which is you know, swiping your cards at the post machine that is going faster at 9.1% year-on-year as of August, compared with 3.9% online spending growth. So the big takeaway from the August data is that credit card spending has moderated for sure, but it remains well above that 2 lakh crore rupee monthly mark and transaction activity is holding up even though the average ticket sizes are coming down. Right, uh I think that point we do. Thanks a lot for that. So that's about uh you know, the breakdown of the credit card spends in the previous month. Uh we take a short break, come back. Somen Mehta joins in with the market technicals. communications have been arriving and Is share market me, haath mein ho koi bhi phone, yahan hai sab ka equal haq. Kyunki aap jo bhi ho, jahan se bhi ho, wahan se bhi ho, ye maamla paisa hai boss. Hmm. To SIP karo, invest karo ya IPO, download groww. Pratibhuti bazaar mein nivesh bazaar jokhimon ke adhin hai. Nivesh karne se pehle sabhi sambandhit dastavezon ko dhyan se padhein. Wow. Century ply? Club ply? Phir bhi kuch hui toh Hmm. Hui toh full cost wapas. Sirf plywood gana. Woh bhi furniture par. Idiot hai kya? Kaun degi? Century ply. Total cover. Dus saal tak, ply, laminate, labour, glue, transport, sab ka full cost wapas. India mein pehli baar

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