 "Graphite India hits new high ahead of Q1 results")
Shares of Graphite India hit a new high of Rs 1,080 per share, rising 2.4% on the BSE in intra-day trade, ahead of April-June 2018 (Q1FY19) results today.
Post January-March 2018 (Q4FY18) results, the stock of graphite electrode manufacturer has outperformed the market by surging 48% from Rs 730 on May 11, 2018. On comparison, the S&P BSE Sensex was up 6.3% during the same period.
Graphite India had reported a seven-fold jump in its net profit at Rs 4.54 billion in Q4FY18 driven by improved realization and higher capacity utilization. It had profit of Rs 620 million
Post January-March 2018 (Q4FY18) results, the stock of graphite electrode manufacturer has outperformed the market by surging 48% from Rs 730 on May 11, 2018. On comparison, the S&P BSE Sensex was up 6.3% during the same period.
Graphite India had reported a seven-fold jump in its net profit at Rs 4.54 billion in Q4FY18 driven by improved realization and higher capacity utilization. It had profit of Rs 620 million
