Pokarna Limited updates on anti-dumping duty

The US Department of Commerce ("Commerce") has announced the preliminary results of its Second administrative review of quartz surfaces anti-dumping duty order.

The Commerce has preliminarily determined that Pokarna Engineered Stone Limited, a material wholly owned subsidiary of the Company ("PESL") did not make sales of subject merchandise at less than normal value during the period of review (POR) June 1, 2021, through May 31, 2022. Accordingly, PESL's anti-dumping duty for the said period has been preliminarily determined to be 0%. These results do not take effect now, but may serve as an indication of the final duty rates the Commerce is expected to issue in December of 2023.

Shares of Pokarna Limited was last trading in BSE at Rs. 426.75 as compared to the previous close of Rs. 413.30. The total number of shares traded during the day was 32392 in over 1849 trades.

The stock hit an intraday high of Rs. 433.00 and intraday low of 415.05. The net turnover during the day was Rs. 13782091.00.

Source : Equity Bulls

Keywords

Pokarna INE637C01025 QuartzSurfaces AntiDumpingDuty