| 21 July, 2022, 11:56 AM IST | Print Edition
Business News›graphite electrode
Buy Graphite India, target price Rs 610: ICICI Direct
Graphite India Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 10892.19 Crore) operating in Industrial Consumables sector.
Biggest gainers & losers of the day: Goa Carbon zooms 20%, RBL Bank bleeds
Gains in IT and healthcare stocks capped the losses on monthly future and options expiry day. However, selling in banks and auto pushed indices lower.
The week that was: Responsive Ind zoomed 55%, RBL Bank tanked 27%
In the BSE500 index, over 400 stocks registered gains during the week, whereas less than 100 stocks ended in the negative zone. Over two dozen stocks gained more than 10 per cent.
Market Movers: Infosys on verge of knocking HDFC Bank off its perch
The information technology giant is on the verge of taking over private sector banking major HDFC Bank in terms of market capitalisation. Infosys’ market capitalisation currently stands at Rs. 7.95 lakh crore, just Rs. 15,000 crore shy of HDFC Bank’s.
Buy Graphite India, target price Rs 675: ICICI Direct
Graphite India Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 11704.95 Crore) operating in Industrial Consumables sector.
The week that was in 10 stocks: Horror show in Adani Group stocks; graphite electrode makers get hammered
At home, signs that global liquidity may normalise soon from the extraordinarily high levels seen over the past 14 months due to money printing by major central banks forced investors to dial back on the euphoria seen in many pockets of the market. Both the Nifty50 and BSE-Sensex ended in the red for the week for the first time in five weeks, while broader markets faced deeper cuts.
Despite Q4 loss, this electrode maker is Jefferies' multibagger bet for FY22The company reported losses for March quarter and for FY21, but foreign brokerage Jefferies felt commodity stocks, like HEG, have entered an upgrade cycle after 2-3 weak years.Buy Graphite India, target price Rs 702: ICICI DirectThe current price of Graphite India is Rs 653.7. ICICI Direct recommended to keep a stoploss at Rs 605 .Electrode price rise brightens outlook for HEG, Graphite IndiaAfter a lacklustre trend in 2020, electrode prices have gained 10-15% in the past two weeks. Electrodes are used in the EAF method of steel production which is less polluting than the conventional blast furnace method.The week that was in 10 stocks: Graphite makers, steel stocks surge amid rising demandDuring the week, IT stocks were in focus due to the expectations of upcoming Q4 earnings and metals continued to rally on a strong outlook supported by rising steel price and higher production.Market Movers: What caused the surge in graphite stocks; 31 scrips blink sellThe rip-roaring rally in shares of private banks came to a halt as investors chose to book profits given the hefty gains so far in February. The Nifty Private Bank index closed 0.5 per cent lower led by losses in Axis Bank and ICICI Bank.Trending stocks: Graphite India shares down over 2%A total of 36,157 shares changed hands on the counter till 11:04AM (IST).Trending stocks: Graphite India shares down nearly 1%A total of 44,198 shares changed hands on the counter till 10:33AM (IST).Graphite India jumps 5% on resuming operations at plants in West Bengal, MaharashtraThe stock hit a 52-week high of Rs 458.70 and low of Rs 103.Trending stocks: Graphite India share price jumps nearly 4%Shares of Graphite India Ltd. traded 3.74 per cent up in trade at 11:01AM on Tuesday .HEG cracks over 12% post Q3 resultsRevenue from operations declined 78.89 per cent YoY to Rs 393.69 crore during the quarter under review.4045 times is the highest CEO pay ratio in India Inc for FY19At HEG, a graphite electrode manufacturer, the CEO earned 4,045 times the median remuneration of its staff.Graphite India Q2 net profit dips 83% to Rs 185 croreIts consolidated revenue from operations stood at Rs 882 crore for the quarter under consideration.Graphite India seeks nod to raise Rs 5,000 croreGraphite India did not elaborate on any specific capex plan.JSHL posts 19% rise in Q4 profit at Rs 66 croreFor the full year, net profit for FY19 stood at Rs 261 crore, 34% lower compared to FY18.Graphite India Q3 profit surges 79% YoYCompany officials attributed the performance to stabilization of electrode prices globally.More pain for Graphite India, HEG; stocks tank up to 20%Shares of HEG fell for the third straight session, declining 11 per cent.Why are graphite stocks falling? HEG, Graphite India down 50% from 52-week highsGraphite India has eroded 51 per cent of investors’ wealth since it hit its 52-week high.After Market: Movers & shakers of day's trade; graphite stocks rallyBSE Sensex ended 3 points up at 36,321.29, with 13 stocks up and 18 down.After posting up to 900% surge in Q2 net, these 2 stocks can add to their 3-year-long 1,000% rallyAs many as five mutual funds were holding over 1 per cent stake in one of these stocks.HEG Ltd to spend Rs 1,200 crore on capacity expansion over next three yearsThe company also announced a share buyback of 3.41% of the total paid up share capital for an amount not exceeding Rs 750 crore at Rs 5,500 per equity share.This stock rises 37% in 2 sessions after falling for 6 daysThe firm had a solid show in December quarter in which it posted a net profit of Rs 342 crore.Antidumping duty imposed on imports of graphite electrodesThe DGAD had initiated and conducted investigation into dumping, injury and causal links between dumping and injury to the domestic industry.Load More
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