HEG hopes that in two, three quarters, steel production starts to increase and the new electric arc furnace capacities start coming on stream in the next one to two years.
The brokerage has initiated coverage on Graphite India and HEG, assigning a target price of ₹700 to each, assuming them to be structural winners in the sector
ICICI Securities remains constructive on HEG over the long term, supported by the global transition to electric arc furnace-based steelmaking and its entry into the graphite anode market.
Any trade negotiations leading to reduction in tariff would act as a positive catalyst for Indian graphite electrodes players, said ICICI Securities in a note.
Researchers design thin, low-cost gold electrodes that detect cardiac troponin I and uric acid in saliva, paving the way for portable, point-of-care diagnostics
HEG and Graphite India shares rally up to 11% on Thursday; here's why analysts remain positive on HEG.
According to reports, Japan's Resonac will quit Chinese and Southeast Asian production of graphite electrodes for steelmakers
HEG, Graphite India share price today: Resonac Graphite has announced a minimum 20 per cent of global price increase on all new orders
In Q3FY22, Graphite India registered net sales of Rs 880 crore, up by 76 per cent year-on-year (YoY) and 27 per cent QoQ basis. The sales growth was driven by both higher volumes and realizations.
HEG is scheduled to announce its March quarter results on Thursday, May 27, 2021
Turnaround in global steel production four successive quarters of de-growth seen as a positive for the two graphite electrode makers
The government has also signalled it may introduce an export tax, aiming to boost domestic supply