India's Pokarna hits over 2-year high on US anti-dumping duty review

Pokarna

02/07/2024 07:19

** Shares of construction material manufacturer Pokarna
 POKR.NS  rise 12% to 796 rupees, highest since Feb 2022
    ** Co said U.S. Commerce Dept reviewed anti-dumping duty
order for quartz surfaces and determined it to be nil for June
1, 2022-May 31, 2023 for its unit through which co exports
    ** Duty for some of its sales to U.S. were at about 0.3% in
2020, which the company had challenged 
    ** Stock up 62% YTD after gaining ~ 25% last year 

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))