Graphite India Shares

Graphite India shares: Today's rise pushed Graphite India shares to a fresh 52-week high of ₹820.85. However, they trade below its all-time high of ₹1,126.40, scaled on August 14, 2018.

GrafTech International, a US-based graphite electrode company, announced its decision to permanently close its graphite electrode manufacturing facility in Monterrey, Mexico.

Graftech, an US-based industry leader in graphite electrode domain, increased graphite electrode prices by $600-$1,200 per metric ton.

Share price of Graphite India rose 2% to ₹736.45 on the BSE in Thursday's intra-day, its highest level since August 2021.

Om Mehra, tech analyst at SAMCO Securities highlights that Torrent Pharmaceuticals after a recent consolidation phase, has witnessed a strong breakout above ₹4,200 levels.

Coal India, IDBI Bank, Jindal Stainless, Ajanta Pharma and Graphite India were seen trading above the higher end of the Bollinger Bands backed by strong volume on charts.

According to reports, Japan's Resonac will quit Chinese and Southeast Asian production of graphite electrodes for steelmakers

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

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

Thus far in the financial year 2019-20 (FY20), the Graphite India's stock has tumbled 46 per cent against 3 per cent rise in the S&P BSE Sensex

Graphite India has underperformed the market by falling 24% from its recent high of Rs 1,009 on November 11, as compared to a 1.5% rise in the S&P BSE Sensex.