Graphite India nears new high in weak market;stock up 22% post Q4 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.

Shares of Graphite India were trading 3% higher at Rs 891 per share, extending their 6% gain in the past three days on the BSE in otherwise weak market, inching towards its all-time high price.

Shares of graphite electrode makers was less than 2% away from its all-time high of Rs 908 touched on January 4, 2018 on the BSE in intra-day trade.

Since May 11, 2018, post January-March quarter (Q4FY18) results, Graphite India has outperformed the market by surging 22% after the company reported seven-fold jump in its net profit at Rs 4.54 billion in driven by improved