Borosil Renewable- CMP 305.75

Oct 3, 2021

Borosil Renewable- CMP 305.75. It is leading solar glass manufacturer in India. Almost monopoly in India and also exports to other countries. Competitor is Chinese companies operating from Vietnam and Malasia. During FY20, the company successfully raised 200 Cr through QIP and the money raised through the issue will be utilized for its expansion. The company will more than double its solar glass production capacity from 450 tons per day (Equivalent to 2.5GW capacity) to 950 TPD There is no import duty in India for solar panels but from China it is 21%. Can be taken with a sl of 259 on CLBs fo a target of 340, 380 and above. It is on triangular breakout. This is for educational purpose and any investment decisions to be taken with your financial adviser and not based on this.