Graphite India

Technical charts suggest that HEG, Graphite India, Chennai Petro, Jindal Steel and Deepak Fertilisers can potentially rally up to 18% from here; here are the key levels to track on these 5 stocks.

Kunal Kamble, senior technical research analyst at Bonanza, has recommended buying shares of Adani Green Energy, Varun Beverages, Graphite India today

Stock Market News: Graphite India share price cracked up to 11.5 per cent in today's session on surprise loss of Rs 20 crore in Q3 FY25

HEG, Graphite India share price today: Resonac Graphite has announced a minimum 20 per cent of global price increase on all new orders

The stock price of Graphite India surged up to 8.38 per cent to Rs 46.62 per share on the BSE in Tuesday's intraday deals

Tata Realty and Infrastructure Ltd (TRIL) has bought over 1.02 lakh square metres of land in Bengaluru from Graphite India Ltd for Rs 986 crore. In a regulatory filing earlier this week, Graphite India said that a committee of directors approved a proposal to sell 1,02,349.33 square metres of land in Bengaluru for an aggregate consideration of Rs 986.13 crore to TRIL's two subsidiaries TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd. The land has been sold, along with the structures standing thereon having an aggregate built-up area of 12,674 square feet, the filing said. The company received the entire consideration on August 7, and the registration process was also completed on the same day. TRIL is a 100 per cent subsidiary of Tata Sons. Graphite India manufactures graphite electrodes as well as carbon and graphite speciality products. It has six plants in India. According to real estate consultant Anarock, real estate developers remained active in la

Looking ahead, the management remains optimistic with the ongoing recovery in demand for electrodes and stabilization of prices

Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels

The pick-up in steel production globally is expected to drive demand for electrodes in the near term

Turnaround in global steel production four successive quarters of de-growth seen as a positive for the two graphite electrode makers

Graphite India registered consolidated net sales of Rs 409 crore, EBITDA loss of Rs 63 crore

The stock of Cochin Shipyard has maintained a strong bottom near 320 levels and has given a bullish positive candle to imply strength

The management said that during the quarter, the company's performance was significantly impacted due to lower volumes and realizations.

EBITDA margins declined to 36 per cent from 75 per cent, due to increase in average needle coke cost.

The stock hit a new high of Rs 1,080, up 2.4% on the BSE in intra-day trade ahead of June quarter results.

The stock was trading 3% higher at Rs 891, extending its 6% gain in past three days on the BSE in otherwise weak market, inching towards its all-time high price of Rs 908 touched on January 4, 2018.

The company reported net profit at Rs 4.54 billion in Q4FY18 against Rs 620 million in Q4FY17 driven by improved realization and higher capacity utilization.