{"id":263745,"date":"2026-09-23T11:25:18","date_gmt":"2026-09-23T05:55:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=263745"},"modified":"2026-09-23T11:25:18","modified_gmt":"2026-09-23T05:55:18","slug":"garware-hi-tech-films-share-price-lubrizol-mou-tpu","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/","title":{"rendered":"Garware Hi-Tech Films Share Price Jumps 3.3% on MoU With Lubrizol for TPU Technology"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Garware Hi-Tech Films Rs 6,574.65 (+3.30%). MoU with Lubrizol to develop and manufacture TPU technology in India. 52-week high Rs 7,987.20 (Aug 6, 2026), low Rs 2,692.00 (Jan 21, 2026).<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Garware Hi-Tech Films share price rose 3.30 percent to Rs 6,574.65 after the company announced the signing of a Memorandum of Understanding to collaborate with Lubrizol on the development and manufacturing of Lubrizol&#8217;s thermoplastic polyurethane, or TPU, technology in India. The stock touched an intraday high of Rs 6,583.65 on volumes of 3,513 shares, slightly below its five-day average. Despite today&#8217;s gain, Garware Hi-Tech remains 17.69 percent below its 52-week high of Rs 7,987.20 from August 6, even as it sits well above its 52-week low of Rs 2,692.00 from January 21.<\/p>\n<\/p><\/div>\n<p>Garware Hi-Tech Films share price gained 3.30 percent to Rs 6,574.65 after the company disclosed a Memorandum of Understanding with Lubrizol to collaborate on developing and manufacturing Lubrizol&#8217;s thermoplastic polyurethane technology in India.<\/p>\n<p>The stock touched an intraday high of Rs 6,583.65, recovering from the prior session&#8217;s 1.39 percent decline, though it remains 17.69 percent below its 52-week high of Rs 7,987.20 touched in early August.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=garware-hi-tech-films-share-price-lubrizol-mou-tpu\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#What_Thermoplastic_Polyurethane_Technology_Involves\" title=\"What Thermoplastic Polyurethane Technology Involves\">What Thermoplastic Polyurethane Technology Involves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#Why_an_MoU_Is_an_Early-Stage_Signal_Not_a_Finished_Deal\" title=\"Why an MoU Is an Early-Stage Signal, Not a Finished Deal\">Why an MoU Is an Early-Stage Signal, Not a Finished Deal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#What_This_Means_for_Garware_Hi-Techs_Growth_Strategy\" title=\"What This Means for Garware Hi-Tech&#8217;s Growth Strategy\">What This Means for Garware Hi-Tech&#8217;s Growth Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#What_agreement_did_Garware_Hi-Tech_Films_sign_with_Lubrizol\" title=\"What agreement did Garware Hi-Tech Films sign with Lubrizol?\">What agreement did Garware Hi-Tech Films sign with Lubrizol?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#What_is_thermoplastic_polyurethane_used_for\" title=\"What is thermoplastic polyurethane used for?\">What is thermoplastic polyurethane used for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#Is_this_MoU_a_finalised_binding_deal\" title=\"Is this MoU a finalised, binding deal?\">Is this MoU a finalised, binding deal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#How_did_Garware_Hi-Tech_Films_share_price_react_to_this_news\" title=\"How did Garware Hi-Tech Films&#8217; share price react to this news?\">How did Garware Hi-Tech Films&#8217; share price react to this news?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#How_far_is_Garware_Hi-Tech_trading_below_its_52-week_high\" title=\"How far is Garware Hi-Tech trading below its 52-week high?\">How far is Garware Hi-Tech trading below its 52-week high?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/garware-hi-tech-films-share-price-lubrizol-mou-tpu\/#What_should_investors_watch_for_next_regarding_this_partnership\" title=\"What should investors watch for next regarding this partnership?\">What should investors watch for next regarding this partnership?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Thermoplastic_Polyurethane_Technology_Involves\"><\/span><strong>What Thermoplastic Polyurethane Technology Involves<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Thermoplastic polyurethane, or TPU, is a versatile, durable material known for its flexibility, abrasion resistance and clarity, used across applications ranging from protective films and coatings to footwear, automotive components and industrial products, making it a material with broad end-market applicability.<\/p>\n<p>Lubrizol is a global specialty chemicals company with established TPU technology, and partnering with an established international player to localise this manufacturing in India suggests Garware Hi-Tech is looking to add a differentiated, higher-value material capability to its existing specialty films portfolio.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen Specialty Chemicals and Films Stocks on Univest<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_an_MoU_Is_an_Early-Stage_Signal_Not_a_Finished_Deal\"><\/span><strong>Why an MoU Is an Early-Stage Signal, Not a Finished Deal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A Memorandum of Understanding is a preliminary, non-binding agreement that establishes an intent to collaborate, typically preceding more detailed definitive agreements that would specify investment commitments, production timelines, and commercial terms between the two parties.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/irb-infrastructure-share-price-pune-land-monetisation\">IRB Infrastructure Gets Board Approval to Monetise a 350-Acre Land Parcel in Pune<\/a><\/p>\n<p>Investors should treat today&#8217;s announcement as an early, directional signal of Garware Hi-Tech&#8217;s strategic interest in TPU technology rather than a confirmed, revenue-generating partnership, since the specifics of manufacturing scale, capital investment and timeline are yet to be disclosed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_This_Means_for_Garware_Hi-Techs_Growth_Strategy\"><\/span><strong>What This Means for Garware Hi-Tech&#8217;s Growth Strategy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Garware Hi-Tech has built its business around specialty and technical films, and a move into TPU technology, if it progresses beyond this initial MoU, would represent a diversification into an adjacent, higher-value material category rather than a departure from the company&#8217;s existing technical expertise in polymer films.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/fii-dii-flows-september-22-net-sell-net-buy\">FIIs Net Sell Rs 3,810 Crore While DIIs Net Buy Rs 4,120 Crore in Indian Equities<\/a><\/p>\n<p>Investors should watch for follow-up disclosures detailing the scope, investment size and expected timeline of this collaboration, since the stock&#8217;s reaction today reflects anticipation of a growth opportunity that remains, at this stage, still in its earliest stages of formal definition.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Garware Hi-Tech Films and specialty materials stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Garware Hi-Tech Films&#8217; MoU with Lubrizol to develop TPU technology in India signals a strategic interest in diversifying into a higher-value material category, though as a preliminary agreement, the specific investment and timeline details are yet to follow. Investors should watch for more definitive disclosures on the partnership&#8217;s scope, and should consult a SEBI-registered investment adviser before making investment decisions.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_agreement_did_Garware_Hi-Tech_Films_sign_with_Lubrizol\"><\/span><strong>What agreement did Garware Hi-Tech Films sign with Lubrizol?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company signed a Memorandum of Understanding to collaborate on the development and manufacturing of Lubrizol&#8217;s thermoplastic polyurethane, or TPU, technology in India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_thermoplastic_polyurethane_used_for\"><\/span><strong>What is thermoplastic polyurethane used for?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TPU is a flexible, durable material used in protective films, coatings, footwear, automotive components and various industrial products.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_MoU_a_finalised_binding_deal\"><\/span><strong>Is this MoU a finalised, binding deal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. An MoU is a preliminary, non-binding agreement establishing intent to collaborate, typically preceding more detailed definitive agreements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Garware_Hi-Tech_Films_share_price_react_to_this_news\"><\/span><strong>How did Garware Hi-Tech Films&#8217; share price react to this news?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock rose 3.30 percent to Rs 6,574.65, recovering from a decline in the previous session.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_far_is_Garware_Hi-Tech_trading_below_its_52-week_high\"><\/span><strong>How far is Garware Hi-Tech trading below its 52-week high?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock is trading 17.69 percent below its 52-week high of Rs 7,987.20, touched on August 6, 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_watch_for_next_regarding_this_partnership\"><\/span><strong>What should investors watch for next regarding this partnership?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should watch for follow-up disclosures detailing the scope, investment size and timeline of the TPU collaboration with Lubrizol.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What agreement did Garware Hi-Tech Films sign with Lubrizol?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company signed a Memorandum of Understanding to collaborate on the development 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