CVD imposed on solar glass imports from Malaysia for 5 years

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BORORENEW · 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

+9.4%Reaction day

₹499.85

prior close

₹531.00

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+9.1% vs market

Industrial Products peers, median of 322sector · industry level-0.3%+9.7% vs sector

On the reaction day the stock moved 9.1 pts more than Nifty Microcap 250 and 9.7 pts more than its Industrial 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

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15m

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30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+9.4+0.2+9.1-0.3+9.7

Next day

+4.4+1.1+3.3+0.0+4.4

+5.6+1.1+4.5+0.0+5.6

+2.4-0.9+3.3-1.3+3.7

+5.2+1.0+4.3-0.2+5.4

+6.2-0.5+6.7-1.5+7.7

+8.8+1.4+7.4-0.6+9.4

15d

+21.4+6.2+15.2+2.2+19.2

+24.5+7.1+17.4+1.9+22.7

+10.6+8.0+2.7+1.3+9.3

-0.3+11.2-11.5+5.8-6.1

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 322Pending

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

AI summary

The Ministry of Finance has imposed countervailing duty (CVD) on solar glass imports from Malaysia for five years starting June 2, 2026. Duty rates are 9.71 percent for specific producers and 10.14 percent for others. This protects domestic solar glass manufacturers like Borosil Renewables from subsidized imports and is expected to accelerate local production investment and growth.

Likely market impact

Positive for Borosil Renewables - shields domestic market from cheaper Malaysian solar glass and supports local capacity expansion plans.