Company Overview and News
Stop missing out on important events!
Equity benchmarks closed rangebound session flat with a negative bias on Thursday after investors digested the outcome of Federal Reserve policy meeting and focussed on corporate earnings. (8-0)
Borosil Glass Works share price spiked 9 percent and Orient Cement gained 5.5 percent on Thursday after reporting solid set of earnings for the quarter ended September 2017.
Gujarat Borosil share price has touched a 52-week high of Rs 129.95, 14.5 percent intraday Friday, following the strong outlook by management.
The price per unit of solar power is set to head further south, thanks to an innovation by Borosil, the well-known glassmaker. Now, solar modules can produce 30 per cent more power with an enhanced life from 25-40 years.
Borosil Glass Works is increasing its capex eight times, from ₹ 15 crore last year to ₹ 120 crore on the back of new GST norms for warehousing and distribution.
"The solar photovoltaic (PV) glass market is projected to grow at a CAGR of 33.4% from 2017 to 2022 in terms of value." The solar PV glass market is projected to grow from USD 4.38 billion in 2017 to USD 18.48 billion by 2022, at a CAGR of 33.4% from 2017 to 2022. Increased demand for solar photovoltaic (PV) glass from the residential, non-residential, and utility sectors is expected to fuel the growth of the solar PV glass market during the forecast period.
The report "Solar Photovoltaic Glass Market by Application (Utility, Residential, and Non-Residential), Type (AR Coated, Tempered, TCO, and Others), End User (Crystalline Silicon PV Modules and Thin Film PV Modules), Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 4.38 Billion in 2017 to USD 18.48 Billion by 2022, at a CAGR of 33.4% from 2017 to 2022.
LONDON, June 21, 2017 /PRNewswire/ -- This report analyzes the worldwide markets for Laboratory Glassware and Plasticware in US$ Thousand by the following Product Segments: Laboratory Glassware (Beakers, Bottles, Burettes, Flasks, Funnels, Measuring Cylinders, Pipette and Pipette Tips, Slides, Stirring Rods, Test Tubes, Tubings, Vials, & Others), and Laboratory Plasticware (Beakers, Bottles, Flasks, Funnels, Pipette and Pipette Tips, Racks, Test Tubes, Tubings, Vials, & Others).
Borosil Glass Works is up over 8.5 percent in today's session. In an interview to CNBC-TV18, Shreevar Kheruka, MD and CEO of the company spoke about the latest happenings in the company and in the sector.
Shares of Borosil Glass Works rose 12.44 percent intraday Monday as the company turned profitable in the quarter ended March 2017 (Q4FY17).
Borosil Glass Works, Bajaj Holdings & Investment, Gateway Distriparks and Tata Chemicals are among the other stocks to see a surge in volumes on BSE today, 9 March 2017.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Borosil Glass Works lost 2.36% to Rs 6,456.55 at 15:15 IST on BSE, with the stock sliding on profit taking after recent stellar rally.
Shares of Borosil Glass Works have increased threefold over the past one year as the company has posted strong revenue and EBIDTA growth over the past few quarters.
After making two successive acquisitions this year, Borosil Glass Works is planning to grow at 40 per cent this fiscal, targeting a turnover of ₹560 crore.