Graphite India jumped 4.23% to Rs 159 ahead of the company's board meeting today, 17 March 2020, to consider interim dividend, if any, for the financial year ending 31 March 2020.
The record date for the purpose of determining the eligibility of members to receive the said interim dividend is on Wednesday, 25 March 2020.
Shares of Graphite India have risen 6.21% in two trading sessions to its current market price of Rs 159 from its recent closing low of Rs 72.90 on Friday, 12 March 2020.
On a consolidated basis, Graphite India reported net loss of Rs 353 crore in Q3 December 2019 compared with net profit of Rs 764 crore in Q3 December 2018. Net sales dropped 65.3% to Rs 643 crore in Q3 December 2019 over Q3 December 2018.
Graphite India is engaged in the manufacturing graphite electrodes, graphite equipments, steel, glass reinforced plastic (GRP) pipes and tanks and generation of hydel power. The firm operates through three segments: graphite and carbon, steel and others.
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