Approved as participant under PLI Scheme for Textiles Round 3

Regulatory Product ApprovalBusiness Updates View source PDF Explain this filing

BORANA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹310.50

prior close

₹309.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+0.6% vs market

Other Textile Products peers, median of 179sector+0.0%+1.4% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.2

10m

+2.1

15m

+2.4

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.9+0.6+0.0+1.4

Next day

+2.1+0.5+1.6+0.0+2.1

-1.3+0.7-2.0-0.1-1.2

+2.0+0.0+2.0-0.4+2.4

-3.1-2.0-1.1-2.1-1.0

-1.2-0.1-1.0-1.0-0.1

-1.6+1.4-3.0-0.5-1.1

15d

+5.0-1.4+6.4-2.7+7.7

+3.1+1.3+1.7-1.2+4.3

-0.7+3.8-4.5-1.6+0.9

-13.3+2.9-16.2-4.0-9.2

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 179Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Borana Weaves has received a Letter of Approval from the Ministry of Textiles, Government of India, inducting it as a participant company under the PLI Scheme for Textiles, Round 3, in the MMF Fabrics segment under Part-2 category. The approval enables the company to set up a separate project unit for MMF Fabrics and become eligible for production-linked incentives. Disbursement of incentives will depend on meeting cumulative new domestic investment, turnover of notified products, value addition, and other scheme criteria.

Likely market impact

Positive: makes Borana eligible for government PLI incentives on MMF Fabrics, supporting capacity expansion and margin upside if scheme targets are met.