Indian Analysts are recommending buy rating on the stocks of Philips Carbon Black Ltd. (PCBL) with fundamentals showing upside potential after the Indian government announced extension of anti-dumping duty over Carbon Black imports from China and Russia as per the article dated December 29, 2020. The move has been taken to provide level-playing field to domestic manufacturers from alleged dumping of Carbon Black (an important constituent of rubber) into India. As per the company officials, the move would ensure better volume offtakes for domestic Carbon Black manufacturers as the market prospects turn positive with recovery in the downstream tyre sectors. PCBL is already in the midst of setting up a greenfield plant dedicated to both rubber and specialized Carbon Black products, having installed capacity of 150 KT. The new greenfield plant will be set up at an estimated capex of INR 600 crore near Chennai in Tamil Nadu. As per our market sources, the company is awaiting regulatory approval for the same and hence anticipating better product margins in the coming months when there seems significant shortage of material due to significant fall in import volumes.