HEG

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.

Technical alert: Defence stock GRSE, 2 other smallcaps - HEG and Ujjivan SFB witness formation of 'Golden Cross' on the daily charts. Here's why this is a bullish sign.

The fall in the HEG share price came after the company posted mixed results in the December quarter of financial year 2025 (Q3FY25)

As per media sources, China has announced that it will implement stricter end-user and end-use reviews for graphite exports to the US.

Graftech has a competitive portfolio of low cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world.

With structural tailwinds, analysts at ICICI Securities expect demand and pricing recovery in graphite electrode space from H2FY25 onwards

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

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare

The plant would be made in two phases, spending Rs 1,000 crore in Phase 1 over the next 3 years which would cater to 10-12 GWH of cell manufacturing capacity.

Ravi Jhunjhunwala, chairman and managing director (CMD) of HEG Mandideep, said that Madhya Pradesh has a great atmosphere to work in the field of industrial investment

HEG said the company had undertaken an expansion project in past to increase the existing capacity from 80,000 tons to 100,000 tons and the same is going on in full swing

HEG is scheduled to announce its March quarter results on Thursday, May 27, 2021

HEG stock after trading with a strong uptrend recently underwent some consolidation

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

In the past one year, shares of the company have slipped 51 per cent against nearly 12 per cent rise in the Nifty50 index.

During the quarter under review, the stock of the company dipped 31 per cent, as against a 1.3 per cent decline in the Sensex.

The stock tanked 18% to Rs 2,244, falling 31% in past three trading days, quoting close to its 52-week low price of Rs 2,214 touched February 2, 2018 in intra-day trade.

The company said it will fund the expansion through internal accruals and debt, if required

The stock hit a new high of Rs 4,950, rallied 56% in past six trading days, after BofAML initiated coverage of the stock with a 'Buy' rating and target price of Rs 6,700 per share.