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Graphite electrodes shares rally; Graphite India zooms 62% in three weeks

Graphite India zooms 62%, while HEG surged 50% in past three weeks, against 0.3% rise in Sensex

Graphite electrodes shares rally; Graphite India zooms 62% in three weeks
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SI Reporter Mumbai
Shares of companies engaged in graphite electrode business such as Graphite India and HEG have rallied by up to 16% on BSE in intra-day trade on back of heavy volumes.

Graphite India surged 16% to Rs 190, also its record high on BSE, on back of two-fold jump in trading heavy volumes. A combined 3.61 million equity shares representing 9% of total equity of the company have changed hands on the counter on BSE and NSE till 02:26 pm.

Since June 12, the stock rallied 62% from Rs 117, as compared to a marginal 0.30% rise in the