HEG hopes that in two, three quarters, steel production starts to increase and the new electric arc furnace capacities start coming on stream in the next one to two years.
The brokerage has initiated coverage on Graphite India and HEG, assigning a target price of ₹700 to each, assuming them to be structural winners in the sector
ICICI Securities remains constructive on HEG over the long term, supported by the global transition to electric arc furnace-based steelmaking and its entry into the graphite anode market.
Any trade negotiations leading to reduction in tariff would act as a positive catalyst for Indian graphite electrodes players, said ICICI Securities in a note.
Researchers design thin, low-cost gold electrodes that detect cardiac troponin I and uric acid in saliva, paving the way for portable, point-of-care diagnostics
In Q3FY22, Graphite India registered net sales of Rs 880 crore, up by 76 per cent year-on-year (YoY) and 27 per cent QoQ basis. The sales growth was driven by both higher volumes and realizations.