Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Multibagger Alert: This solar play has soared over 1,200% in 18 months.


Date: 22-10-2021
Subject: Multibagger Alert: This solar play has soared over 1,200% in 18 months
New Delhi: Amid the global energy crisis, shares of Borosil Renewables, the only producer of solar glasses in India, have been on a roll recently. The scrip has jumped as much as 45 per cent in the last one month.

According to market experts, the recent reforms and power shortage have fuelled a rally in power stocks and investors are now focussed on the alternatives to traditional energy. Richa Agarwal, Senior Research Analyst, Equitymaster, said, "With Reliance’s back-to-back acquisitions of REC Solar Holdings and Sterling & Wilson Solar, the green energy theme has gained further momentum."

Shares of Borosil Renewables have rallied over 1,400 per cent to Rs 509.70 from Rs 33.6 in April 2020. But the scrip has hit the lower circuit in the previous two sessions, losing over 10 per cent of its value from peak. "However, cheaper imports have always dominated demand and spoiled the economics and viability for domestic producers. And that’s a risk investors need to watch out for in these stocks," Agarwal added.

Rahul Sharma, co-founder of Equity99, said the firm had raised 200 crore via qualified institutional placement for expansion, as it expected to more than double its solar glass production capacity to 950 tonnes a day from 450 tons a day to 950 TPD.

Sharma is bullish on this counter but does not recommend any fresh buying at current levels. He suggested a buy-on-dips approach on the stock.

Source:economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-11-2021
Notification No.92/2021 - Customs (N.T.)
Exchange rates Notification No.92/2021-Cus (NT) dated 18.11.2021

Date: 03-11-2021
Notification No.90 /2021 - Customs (N.T.)
Exchange rates Notification No.90/2021-Cus (NT) dated 03.11.2021

Date: 03-11-2021
Notification No.52 /2021-Customs
Seeks to amend Notification No. 18/2019-Customs reducing Road and Infratructure Cess (RIC) on Petrol and Diesel.

Date: 29-10-2021
Notification No.88/2021 - Customs (N.T.)
Exchange rates Notification No.88/2021-Cus (NT) dated 29.10.2021

Date: 29-10-2021
Notification No. 87/2021-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 27-10-2021
Notification No. 85/2021-Customs (N.T.)
Courier Imports and Exports (Electronic Declaration and Processing ), Amendment, Regulations, 2021

Date: 27-10-2021
Notification No. 86/2021-Customs (N.T.)
Courier Imports and Exports (Clearance), Amendment, Regulations, 2021

Date: 27-10-2021
Notification No. 83/2021-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995 to introduce Anti-Absorption provisions in these rules.

Date: 27-10-2021
Notification No. 84/2021-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to introduce the Anti-Absorption provisions and make certain other miscellaneous changes.

Date: 22-10-2021
Notification No. 50/2021-Customs
Seeks to amend notification No. 96/2008- Customs dated 13.08.2008 to include Sierra Leone



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001