Latest news with #UniversalCablesLtd
Business Upturn
8 hours ago
- Business
- Business Upturn
Universal Cables shares fall over 3% after EU imposes 8.3% combined duty on fibre cable exports
By Aditya Bhagchandani Published on June 13, 2025, 09:39 IST Shares of Universal Cables Ltd slipped 3.25% to ₹618.70 on June 13 after the company disclosed that the European Commission has imposed a combined duty of 8.3% on its single-mode optical fibre cable exports to the European Union. The stock had closed at ₹639.50 in the previous session. In an official regulatory filing to the BSE and NSE, Universal Cables confirmed that the European Commission, through Implementing Regulation (EU) 2025/1135, has enforced a 5.4% countervailing duty (CVD) on exports of optical fibre cables from India, alongside a revised anti-dumping duty of 2.9%. Earlier, the anti-dumping duty was fixed at 6.9%, but it was reduced after submissions made by the company. The combined 8.3% levy is effective from 12th June 2025, impacting cables currently classified under CN code ex 8544 70 00 . Universal Cables noted that while the duties are now official, the financial impact remains unquantified as of now. The company affirmed that it received official communication from EU authorities on the evening of June 11, 2025. This development could weigh on the company's export profitability to the EU, which is a key destination for its optical fibre products. Investors will watch closely for updates on how the company plans to mitigate the duty impact. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
05-05-2025
- Business
- Business Standard
Parag Milk Foods Ltd leads gainers in 'B' group
Dhunseri Investments Ltd, Universal Cables Ltd, Liberty Shoes Ltd and Eurotex Industries and Exports Ltd are among the other gainers in the BSE's 'B' group today, 05 May 2025. Dhunseri Investments Ltd, Universal Cables Ltd, Liberty Shoes Ltd and Eurotex Industries and Exports Ltd are among the other gainers in the BSE's 'B' group today, 05 May 2025. Parag Milk Foods Ltd soared 13.40% to Rs 206.55 at 12:02 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 3.76 lakh shares were traded on the counter so far as against the average daily volumes of 57218 shares in the past one month. Dhunseri Investments Ltd spiked 11.81% to Rs 1608.45. The stock was the second biggest gainer in 'B' group. On the BSE, 1256 shares were traded on the counter so far as against the average daily volumes of 267 shares in the past one month. Universal Cables Ltd surged 11.81% to Rs 482. The stock was the third biggest gainer in 'B' group. On the BSE, 7169 shares were traded on the counter so far as against the average daily volumes of 3187 shares in the past one month. Liberty Shoes Ltd spurt 10.97% to Rs 427.05. The stock was the fourth biggest gainer in 'B' group. On the BSE, 22851 shares were traded on the counter so far as against the average daily volumes of 8268 shares in the past one month. Eurotex Industries and Exports Ltd advanced 10.00% to Rs 13.86. The stock was the fifth biggest gainer in 'B' group. On the BSE, 113 shares were traded on the counter so far as against the average daily volumes of 1715 shares in the past one month.
