Anti-Dumping investigation initiated on imports of Soft Ferrite Cores on Cosmo Ferrites Ltd's petition

Cosmo Ferrites Limited has announced that the Directorate General of Trade Remedies, Ministry of Commerce and Industry (Department of Commerce) has, considering the petition filed by the company, issued a notification dated 30th September, 2023, for initiation of Anti-Dumping investigation concerning imports of "Soft Ferrite Cores" originating in or exported from China.

A favorable outcome would enable higher capacity utilization and better margin per unit.

Shares of COSMO FERRITES LTD. was last trading in BSE at Rs. 278.90 as compared to the previous close of Rs. 265.65. The total number of shares traded during the day was 6210 in over 128 trades.

The stock hit an intraday high of Rs. 278.90 and intraday low of 270.00. The net turnover during the day was Rs. 1725940.00.

Source : Equity Bulls

Keywords

COSMOFERRITES INE124B01018 AntiDumpingInvestigation Imports SoftFerriteCores