Good performance was seen in chemical stocks today. In fact, big relief has been given to domestic companies manufacturing soda ash. Due to this news, intraday rise of 2 to 5 percent was seen in GHCL, Tata Chemical, DCW. Government’s New Year gift to domestic soda ash companies. There has been news of government’s strictness on soda ash import. The minimum import price on soda ash has been fixed at Rs 20,108 per metric ton. Due to this, there will be no dumping of soda ash from China, which was being imported from China at the rate of about Rs 16000 per metric ton. Soda ash has been put in the banned list.
DGFT (Directorate General of Foreign Trade) in a notification said the import policy for soda ash has been changed from ‘free’ to ‘restricted’ and the minimum import price is Rs 20,108 per metric tonne. Soda ash is an important raw material for many industries. It is used significantly in glass production, chemical production and detergent industry. Government intervention is aimed at stabilizing the domestic market and supporting local producers.
strictly by the government Tata Chemical and DCW Is likely to benefit. Domestic companies are suffering losses due to dumping by China. With this step of the government, the realization of domestic companies will increase by 10-20 percent. According to Nirmal Bang Security, the price of soda ash in China is around $200-220 per metric ton.
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Due to this news today GHCL, Tata Chemical and DCW Good progress was seen. GHCL closed at Rs 723.50 on NSE with a gain of Rs 49.70 or 7.38 percent. Today its high is Rs 744 and low is Rs 671.30. The 52 week high of the stock is Rs 759.40 and 52 week low is Rs 434.95. The stock’s volume is 2,460,816 shares and market cap is Rs 6,927 crore. This stock has given 20.26 percent return in 1 month and 24.53 percent return in 1 year.
Tata Chemical also closed at Rs 1052.20 with an increase of Rs 20.40 or 1.98 percent. Today its daily high is Rs 1,061.05. This stock has given 1.44 percent negative return in 1 week. At the same time, it has given 5.6 percent negative returns in 1 month. This share has fallen 4.70 percent in 1 year.